SEC Form 4 · accession 0001209191-15-080056
Polaris Inc. · PII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd M Balan
Officer — V.P. Corporate Development
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 4:38 pm EST
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 | Nov 11, 2015 | M | 7,037 | $22.33 | A | 9,037 | D | |
| Common StockF1 | Nov 11, 2015 | F | 4,102 | $112.07 | D | 4,935 | D | |
| Common StockF2 | Nov 11, 2015 | S | 70 | $112.07 | D | 4,865 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $22.33 | Nov 11, 2015 | M | 7,037 | D | Feb 1, 2014 | Feb 1, 2020 | Common Stock | 7,037 | 4,963 | D |
Explanation of responses
- F1Reflects the weighted average price of 4,102 shares of Common Stock sold by the reporting person in multiple transactions on November 11, 2015 with sale prices ranging from $112.00 to $112.16 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 70 shares of Common Stock sold by the reporting person in multiple transactions on November 11, 2015 with sale prices ranging from $112.00 to $112.16 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 option vested in two equal installments on February 1, 2012, and February 1, 2014.