Polaris Inc. — Director's Dealing 2015

Dec 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2015-12-01

Reporting Person: Longren David C. (President-ORV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-01	Common Stock	M	2500	$38.46	Acquired	23755	Direct
2015-12-01	Common Stock	S	2500	$105.845	Disposed	21255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-01	Employee Stock Option (Right to Buy)	$38.46	M	2500	Disposed	2021-01-31	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2015	Indirect

Footnotes

F1: Reflects the weighted average price of 2,500 shares of Common Stock sold by the reporting person in multiple transactions on December 1, 2015 with sale prices ranging from $105.84 to $105.88 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: Estimate of the number of shares held in the reporting person's ESOP fund as of December 1, 2015. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

F3: The option vested in two equal installments on January 31, 2013 and January 31, 2015.