SEC Form 4 · accession 0001209191-16-117324
Polaris Inc. · PII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C. Longren
Officer — President-ORV
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 3:58 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 | Apr 29, 2016 | G | 693 | $0.00 | D | 21,405 | D | |
| Common Stock | May 2, 2016 | M | 13,000 | $38.46 | A | 34,405 | D | |
| Common Stock | May 2, 2016 | M | 5,000 | $65.57 | A | 39,405 | D | |
| Common Stock | May 2, 2016 | S | 21,108 | $99.00 | D | 18,297 | D | |
| Common StockF1 | holding | — | — | — | 2,021 | 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 Option (Right to Buy)F2 | $38.46 | May 2, 2016 | M | 13,000 | D | — | Jan 31, 2021 | Common Stock | 13,000 | 0 | D |
| Employee Stock Options (Right to Buy)F3 | $65.57 | May 2, 2016 | M | 5,000 | D | — | Feb 1, 2022 | Common Stock | 5,000 | 20,000 | D |
Explanation of responses
- F1Estimate of the number of shares held in the reporting person's ESOP fund as of May 2, 2016. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
- F2The option vested in two equal installments on January 31, 2013 and January 31, 2015.
- F3The option vested in two equal installments on February 1, 2014 and February 1, 2016.