Sec Form 4 Filing - METZ CHRISTOPHER T @ ARCTIC CAT INC - 2016-04-01

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
METZ CHRISTOPHER T
2. Issuer Name and Ticker or Trading Symbol
ARCTIC CAT INC [ ACAT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
505 HIGHWAY 169 NORTH, SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2016
(Street)
PLYMOUTH, MN55441
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 04/01/2016 A 20,908 ( 1 ) A $ 0 90,303 ( 2 ) D
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 Appreciation Right $ 14.16 ( 3 ) 02/05/2021 Common Stock 175,000 175,000 D
Stock Option (Right to Buy) $ 32.93 ( 4 ) 12/03/2024 Common Stock 67,259 67,259 D
Stock Option (Right to Buy) $ 32.93 ( 5 ) 12/03/2024 Common Stock 151,837 151,837 D
Stock Option (Right to Buy) $ 16.74 04/01/2016 A 156,810 ( 6 ) 04/01/2026 Common Stock 156,810 $ 0 156,810 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
METZ CHRISTOPHER T
505 HIGHWAY 169 NORTH
SUITE 1000
PLYMOUTH, MN55441
X President and CEO
Signatures
/s/ John R. Houston as Attorney-in-Fact for Christopher T. Metz pursuant to Power of Attorney previously filed. 04/04/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents 20,908 restricted stock units ("RSUs") underlying a long-term incentive award that vest as to 6,969 shares on 4/1/17, 6,970 shares on 4/1/18 and 6,969 shares on 4/1/19. Each RSU represents a contingent right to receive one share of Arctic Cat Inc. common stock.
( 2 )Includes (i) 46,467 restricted stock units that vest 23,233 shares on 12/3/16 and 23,234 shares on 12/3/17; and (ii) 20,908 restricted stock units that vest as to 6,969 shares on 4/1/17, 6,970 shares on 4/1/18 and 6,969 shares on 4/1/19.
( 3 )Vests as to 58,333 shares on 2/5/17, 58,334 shares on 2/5/18, and 58,333 shares on 2/5/19. The vested portion of the stock appreciation rights will settle in cash on such vesting dates.
( 4 )Vests as to 22,419 shares on 12/3/15, 22,420 shares on 12/3/16, and 22,420 shares on 12/3/17.
( 5 )Vests as to 50,612 shares on 12/3/15, 50,612 shares on 12/3/16, and 50,613 shares on 12/3/17.
( 6 )Vests as to 52,270 shares on each of 4/1/17, 4/1/18 and 4/1/19.

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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