Sec Form 4 Filing - Darling Bradley D @ ARCTIC CAT INC - 2016-02-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Darling Bradley D
2. Issuer Name and Ticker or Trading Symbol
ARCTIC CAT INC [ ACAT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP-GM, Snowmobile Division
(Last) (First) (Middle)
601 BROOKS AVE. S., P.O. BOX 810
3. Date of Earliest Transaction (MM/DD/YY)
02/24/2016
(Street)
THIEF RIVER FALLS, MN56701
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2016 S 19,101 D $ 15.782 ( 1 ) 35,866 ( 2 ) D
Common Stock 200 I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 43.79 ( 3 ) 04/02/2022 Common Stock 7,136 7,136 D
Stock Option (Right to Buy) $ 42.99 ( 4 ) 04/01/2023 Common Stock 8,068 8,068 D
Stock Option (Right to Buy) $ 47.52 ( 5 ) 04/01/2024 Common Stock 8,088 8,088 D
Stock Option (Right to Buy) $ 31.51 ( 6 ) 05/14/2025 Common Stock 11,424 11,424 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Darling Bradley D
601 BROOKS AVE. S.
P.O. BOX 810
THIEF RIVER FALLS, MN56701
VP-GM, Snowmobile Division
Signatures
/s/ Elizabeth Dunshee as Attorney-in-Fact for Bradley D. Darling pursuant to Power of Attorney filed herewith 02/26/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.7691 to $15.8100 inclusive. The reporting person undertakes to provide Arctic Cat Inc., any security holder of Arctic Cat Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 2 )Includes (i) 359 shares of restricted stock units that vest on 4/1/16; (ii) 719 shares of restricted stock units that vest 360 shares on 4/1/16 and 359 shares on 4/1/17; (iii) 1,250 shares of restricted stock units that vest on 3/31/16; (iv) 3,000 shares of restricted stock units that vest 1,500 shares on 11/17/16 and 11/17/17; (v) 1,523 shares of restricted stock units that vest 508 shares on 5/14/16 and 5/14/18 and 507 shares on 5/14/17; and (vi) 13,541 shares of restricted stock units that vest 4,514 shares on 2/5/17 and 2/5/19 and 4,513 shares on 2/5/18.
( 3 )Fully exercisable.
( 4 )Vests in three equal annual installments beginning April 1, 2014.
( 5 )Vests in three equal annual installments beginning April 1, 2015.
( 6 )Vests in three equal annual installments beginning May 14, 2016.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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