Sec Form 4 Filing - BALAN TODD M @ POLARIS INDUSTRIES INC/MN - 2015-11-17

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
BALAN TODD M
2. Issuer Name and Ticker or Trading Symbol
POLARIS INDUSTRIES INC/MN [ PII]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
V.P. Corporate Development
(Last) (First) (Middle)
2100 HIGHWAY 55
3. Date of Earliest Transaction (MM/DD/YY)
11/17/2015
(Street)
MEDINA, MN55340
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 11/17/2015 M 4,963 A $ 22.33 9,828 D
Common Stock 11/17/2015 M 61 A $ 38.46 9,889 D
Common Stock 11/17/2015 F 2,975 D $ 104.2 ( 1 ) 6,914 D
Common Stock 11/17/2015 S 49 D $ 104.2 ( 2 ) 6,865 D
Common Stock 11/18/2015 M 9,939 A $ 38.46 16,804 D
Common Stock 11/18/2015 M 5,000 A $ 65.57 21,804 D
Common Stock 11/18/2015 M 5,000 A $ 86.45 26,804 D
Common Stock 11/18/2015 F 15,254 D $ 105.01 ( 3 ) 11,550 D
Common Stock 11/18/2015 S 42 D $ 105.01 ( 4 ) 11,508 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
Employee Stock Option (Right to Buy) $ 22.33 11/17/2015 M 4,963 02/01/2014( 5 ) 02/01/2020 Common Stock 4,963 $ 0 0 D
Employee Stock Option (Right to Buy) $ 38.46 11/17/2015 M 61 01/31/2015( 6 ) 01/31/2021 Common Stock 61 $ 0 9,939 D
Employee Stock Option (Right to Buy) $ 38.46 11/18/2015 M 9,939 01/31/2015( 6 ) 01/31/2021 Common Stock 9,939 $ 0 0 D
Employee Stock Option (Right to Buy) $ 65.57 11/18/2015 M 5,000 02/01/2014( 7 ) 02/01/2022 Common Stock 5,000 $ 0 5,000 D
Employee Stock Option (Right to Buy) $ 86.45 11/18/2015 M 5,000 01/30/2015( 8 ) 01/30/2023 Common Stock 5,000 $ 0 5,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BALAN TODD M
2100 HIGHWAY 55
MEDINA, MN55340
V.P. Corporate Development
Signatures
Jennifer Carbert, Attorney-in-Fact 11/19/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects the weighted average price of 2,975 shares of Common Stock sold by the reporting person in multiple transactions on November 17, 2015 with sale prices ranging from $104.00 to $104.59 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.
( 2 )Reflects the weighted average price of 49 shares of Common Stock sold by the reporting person in multiple transactions on November 17, 2015 with sale prices ranging from $104.00 to $104.59 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.
( 3 )Reflects the weighted average price of 15,254 shares of Common Stock sold by the reporting person in multiple transactions on November 18, 2015 with sale prices ranging from $104.89 to $105.115 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 sha res sold at each separate price.
( 4 )Reflects the weighted average price of 42 shares of Common Stock sold by the reporting person in multiple transactions on November 18, 2015 with sale prices ranging from $104.89 to $105.115 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.
( 5 )The option vested in two equal installments on February 1, 2012, and February 1, 2014.
( 6 )The option vested in two equal installments on January 31, 2013, and January 31, 2015.
( 7 )The option vests in two equal installments on February 1, 2014, and February 1, 2016.
( 8 )The option vests in two equal installments on January 30, 2015, and January 30, 2017.

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