SEC Form 4 · accession 0001209191-15-049079
Polaris Inc. · PII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C. Longren
Officer — VP-ORV and ORV Engineering
Period of report
May 29, 2015
Accepted (ET)
Jun 2, 2015 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000931015
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 29, 2015 | M | 4,000 | $24.44 | A | 28,747 | D | |
| Common Stock | May 29, 2015 | M | 12,000 | $23.33 | A | 40,747 | D | |
| Common Stock | May 29, 2015 | M | 16,000 | $21.785 | A | 56,747 | D | |
| Common Stock | May 29, 2015 | M | 34,000 | $22.33 | A | 90,747 | D | |
| Common Stock | May 29, 2015 | M | 13,704 | $38.46 | A | 104,451 | D | |
| Common StockF1 | May 29, 2015 | S | 79,704 | $143.8319 | D | 24,747 | D | |
| Common Stock | Jun 1, 2015 | M | 4,296 | $38.46 | A | 29,043 | D | |
| Common StockF2 | Jun 1, 2015 | S | 4,296 | $145.6132 | D | 24,747 | D | |
| Common StockF3 | holding | — | — | — | 616 | I | By Son | |
| Common StockF4 | holding | — | — | — | 1,996 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy) | $24.44 | May 29, 2015 | M | 4,000 | D | Dec 22, 2008 | Dec 22, 2015 | Common Stock | 4,000 | 0 | D |
| Employee Stock Options (Right to Buy) | $23.33 | May 29, 2015 | M | 12,000 | D | Jan 29, 2010 | Jan 29, 2017 | Common Stock | 12,000 | 0 | D |
| Employee Stock Options (Right to Buy) | $21.785 | May 29, 2015 | M | 16,000 | D | Jan 31, 2011 | Jan 31, 2018 | Common Stock | 16,000 | 0 | D |
| Employee Stock Options (Right to Buy)F5 | $22.33 | May 29, 2015 | M | 34,000 | D | — | Feb 1, 2020 | Common Stock | 34,000 | 0 | D |
| Employee Stock Options (Right to Buy)F6 | $38.46 | May 29, 2015 | M | 13,704 | D | — | Jan 31, 2021 | Common Stock | 13,704 | 22,296 | D |
| Employee Stock Options (Right to Buy)F6 | $38.46 | Jun 1, 2015 | M | 4,296 | D | — | Jan 31, 2021 | Common | 4,296 | 18,000 | D |
Explanation of responses
- F1Reflects the weighted average price of 79,704 shares of Common Stock sold by the reporting person in multiple transactions on May 29, 2015 with sale prices ranging from $143.50 to $144.54 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.
- F2Reflects the weighted average price of 4,296 shares of Common Stock sold by the reporting person in multiple transactions on June 1, 2015 with sale prices ranging from $145.15 to $146.045 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.
- F3The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.
- F4Estimate of the number of shares held in the reporting person's ESOP fund as of May 29, 2015. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
- F5The option vested in two equal installments on February 1, 2012 and February 1, 2014.
- F6The option vested in two equal installments on January 31, 2013 and January 31, 2015.