Polaris Inc. — Director's Dealing 2014

Aug 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2014-08-05

Reporting Person: Longren David C. (VP-ORV and ORV Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-05	Common Stock	M	8000	$24.985	Acquired	42191	Direct
2014-08-05	Common Stock	S	8000	$148.43	Disposed	34191	Direct
2014-08-05	Common Stock	S	12250	$148.40	Disposed	21941	Direct
2014-02-28	Common Stock	G	150	$0.00	Acquired	635	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-05	Employee Stock Options (Right to Buy)	$24.985	M	8000	Disposed	2015-09-14	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1994	Indirect

Footnotes

F1: Gift to son who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.

F2: Estimate of the number of shares held in the reporting person's ESOP fund as of August 5, 2014. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.