SEC Form 4 · accession 0001209191-19-006587
Polaris Inc. · PII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Speetzen
Officer — EVP-Finance & CFO
Period of report
Jan 30, 2019
Accepted (ET)
Feb 1, 2019 · 6:05 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 StockF1,F2 | Jan 30, 2019 | A | 1,270 | — | A | 9,083 | D | |
| Common StockF3 | Jan 30, 2019 | F | 661 | $84.58 | D | 8,422 | D | |
| Common Stock | holding | — | — | — | 197 | I | as UTMA custodian for daughter | |
| Common StockF4 | holding | — | — | — | 197 | I | by daughter | |
| Common StockF4 | holding | — | — | — | 197 | I | by daughter | |
| Common StockF4 | holding | — | — | — | 197 | I | by daughter |
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)F5 | $84.58 | Jan 30, 2019 | A | 45,932 | A | — | Jan 30, 2029 | Common Stock | 45,932 | 45,932 | D |
Explanation of responses
- F1Shares acquired in settlement of an equal number of performance restricted stock units upon vesting of the units.
- F2Each performance restricted stock unit represented the right to receive one share of the Issuer's common stock upon the vesting of the units.
- F3Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting and settlement of performance restricted stock unit award.
- F4Shares held by daughter who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
- F5The option vests in three equal installments on January 30, 2020, January 30, 2021, and January 30, 2022.