SEC Form 4 · accession 0001209191-15-081360
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 17, 2015
Accepted (ET)
Nov 19, 2015 · 6:15 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 17, 2015 | M | 4,963 | $22.33 | A | 9,828 | D | |
| Common Stock | Nov 17, 2015 | M | 61 | $38.46 | A | 9,889 | D | |
| Common StockF1 | Nov 17, 2015 | F | 2,975 | $104.20 | D | 6,914 | D | |
| Common StockF2 | Nov 17, 2015 | S | 49 | $104.20 | D | 6,865 | D | |
| Common Stock | Nov 18, 2015 | M | 9,939 | $38.46 | A | 16,804 | D | |
| Common Stock | Nov 18, 2015 | M | 5,000 | $65.57 | A | 21,804 | D | |
| Common Stock | Nov 18, 2015 | M | 5,000 | $86.45 | A | 26,804 | D | |
| Common StockF3 | Nov 18, 2015 | F | 15,254 | $105.01 | D | 11,550 | D | |
| Common StockF4 | Nov 18, 2015 | S | 42 | $105.01 | D | 11,508 | 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)F5 | $22.33 | Nov 17, 2015 | M | 4,963 | D | Feb 1, 2014 | Feb 1, 2020 | Common Stock | 4,963 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $38.46 | Nov 17, 2015 | M | 61 | D | Jan 31, 2015 | Jan 31, 2021 | Common Stock | 61 | 9,939 | D |
| Employee Stock Option (Right to Buy)F6 | $38.46 | Nov 18, 2015 | M | 9,939 | D | Jan 31, 2015 | Jan 31, 2021 | Common Stock | 9,939 | 0 | D |
| Employee Stock Option (Right to Buy)F7 | $65.57 | Nov 18, 2015 | M | 5,000 | D | Feb 1, 2014 | Feb 1, 2022 | Common Stock | 5,000 | 5,000 | D |
| Employee Stock Option (Right to Buy)F8 | $86.45 | Nov 18, 2015 | M | 5,000 | D | Jan 30, 2015 | Jan 30, 2023 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1Reflects 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.
- F2Reflects 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.
- F3Reflects 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 shares sold at each separate price.
- F4Reflects 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.
- 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.
- F7The option vests in two equal installments on February 1, 2014, and February 1, 2016.
- F8The option vests in two equal installments on January 30, 2015, and January 30, 2017.