Polaris Inc. — Director's Dealing 2015

Nov 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2015-11-11

Reporting Person: BALAN TODD M (V.P. Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-11	Common Stock	M	7037	$22.33	Acquired	9037	Direct
2015-11-11	Common Stock	F	4102	$112.07	Disposed	4935	Direct
2015-11-11	Common Stock	S	70	$112.07	Disposed	4865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-11	Employee Stock Option (Right to Buy)	$22.33	M	7037	Disposed	2020-02-01	Common Stock (7037)	Direct

Footnotes

F1: Reflects the weighted average price of 4,102 shares of Common Stock sold by the reporting person in multiple transactions on November 11, 2015 with sale prices ranging from $112.00 to $112.16 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: Reflects the weighted average price of 70 shares of Common Stock sold by the reporting person in multiple transactions on November 11, 2015 with sale prices ranging from $112.00 to $112.16 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.

F3: The option vested in two equal installments on February 1, 2012, and February 1, 2014.