Polaris Inc. — Director's Dealing 2019

Feb 1, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2019-01-30

Reporting Person: Mack Robert Paul (SVP-Corp Dev & Pres-Adj Market)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-30	Deferred Stock Units	$	M	453	Acquired		Common Stock (453)	Direct
2019-01-30	Employee Stock Option (right to buy)	$84.58	A	24935	Acquired	2029-01-30	Common Stock (24935)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21991	Direct

Footnotes

F1: Each deferred stock unit represents the right to receive one share of the Issuer's common stock, and is received in exchange for one performance restricted stock unit upon the vesting of such performance restricted stock unit.

F2: At the settlement date elected by the reporting officer under the Issuer's Supplemental/Retirement Savings Plan ("SERP"), the reporting officer is entitled to receive one share of common stock for each deferred stock unit held. The deferred stock units may be transferred into an alternative investment account in the SERP after a period of six months and one day.

F3: The option vests in three equal installments on January 30, 2020, January 30, 2021, and January 30, 2022.