THOR INDUSTRIES INC — Director's Dealing 2011

Oct 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: THOR INDUSTRIES INC (THO)
CIK: 0000730263
Period of Report: 2011-10-18

Reporting Person: ORTHWEIN PETER BUSCH (Director, Chairman, Pres. and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-18	Common Stock	G	11000	—	Disposed	1414700	Direct
2011-10-18	Common Stock	G	1100	—	Acquired	64200	Indirect
2011-10-18	Common Stock	G	2200	—	Acquired	110400	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100000	Indirect
Common Stock	299700	Indirect
Common Stock	124000	Indirect
Common Stock	30000	Indirect
Common Stock	320000	Indirect

Footnotes

F1: This transaction involved a gift of Shares by the Reporting Person. Included among the recipients of the Shares was the Reporting Person's wife in her individual capacity and as custodian to the Reporting Person's two youngest children.

F2: These Shares are held for the account of the Reporting Person's wife.

F3: These Shares are held for the account of the Reporting Person's wife as custodian to the Reporting Person's two youngest children.

F4: These Shares are held for the account of a charitable annuity trust (the "Charitable Trust") of which the Reporting Person and his wife are trustees and of which the Reporting Person's three youngest children are beneficiaries. The Reporting Person continues to report beneficial ownership of the Shares held for the account of the Charitable Trust but disclaims beneficial ownership except to the extent of the pecuniary interest of the Reporting Person, his wife and his three youngest children in the Charitable Trust.

F5: These Shares are held for the account of the PBO-BMO Descendants Trust (the "PBO-BMO Trust") of which the Reporting Person is the sole trustee and of which the Reporting Person's three youngest children are beneficiaries. The Reporting Person continues to report beneficial ownership of the Shares held for the account of the PBO-BMO Trust but disclaims beneficial ownership except to the extent of the pecuniary interest of the Reporting Person, his wife and his three youngest children in the Trust.

F6: These Shares are held for the account of Adolphus Busch Orthwein Trust (the "AB Trust") for the benefit of the Reporting Person's children. The Reporting Person is one of the trustees of the AB Trust.

F7: These Shares are held for the account of a trust for the Reporting Person's half-brother. The Reporting Person is one of the three trustees of this trust.

F8: These Shares are held for the account of the Orthwein Investment Group D, L.P. (the "Investment Group"). The Reporting Person has a 0.51% limited partnership interest in the Investment Group and a 51% general partnership interest in the Investment Group. The Reporting Person disclaims beneficial ownership of the Shares held for the account of the Investment Group except to the extent of his pecuniary interest in such Shares.