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<ACCESSION-NUMBER>0000950134-02-012678
<TYPE>8-K
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<PERIOD>20021018
<ITEMS>5
<FILING-DATE>20021018
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>POLARIS INDUSTRIES INC/MN
<CIK>0000931015
<ASSIGNED-SIC>3790
<IRS-NUMBER>411790959
<STATE-OF-INCORPORATION>MN
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11411
<FILM-NUMBER>02792958
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2100 HIGHWAY 55
<CITY>MEDINA
<STATE>MN
<ZIP>55340
<PHONE>6125420500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1225 HIGHWAY 169 N
<STREET2>425 LEXINGTON AVE
<CITY>MINNESOTA
<STATE>MN
<ZIP>55441
</MAIL-ADDRESS>
</FILER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>c72513e8vk.htm
<DESCRIPTION>FORM 8-K
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<TITLE>Polaris Industries Inc.</TITLE>
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<P align="center"><FONT size="2"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
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<P align="center"><FONT size="2"><B>FORM 8-K</B>
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<P align="center"><FONT size="2"><B>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES<BR>
EXCHANGE ACT OF 1934</B>
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<P align="center"><FONT size="2">Date of Report (Date of earliest event reported): October&nbsp;18, 2002
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<P align="center"><FONT size="2"><B>POLARIS INDUSTRIES INC.</B><BR>
(Exact name of Registrant as specified in its charter)
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<TD colspan="2" align="center"><FONT size="2"><B>Minnesota</B></FONT></TD>
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        <TD nowrap align="right"><FONT size="2"><B>1-11411</B></FONT></TD>
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        <TD nowrap align="right"><FONT size="2"><B>41-1790959</B></FONT></TD>
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        <TD colspan="2" align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">(State of Incorporation)</FONT></DIV></TD>
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        <TD colspan="3" align="center"><FONT size="2">(Commission File Number)</FONT></TD>
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<P align="center"><FONT size="2"><B>2100 Highway 55<BR>
Medina, Minnesota 55340</B><BR>
(Address of principal executive offices)<BR>
(Zip Code)
</FONT>




<P align="center"><FONT size="2"><B>(612)&nbsp;542-0500</B><BR>
(Registrant&#146;s telephone number, including area code)
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<P align="center"><FONT size="2">&nbsp;</FONT>

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<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;5. OTHER EVENTS.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURE</A></TD></TR>
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<P align="left"><FONT size="2"><B>Item&nbsp;5. OTHER EVENTS.</B>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of Polaris Industries Inc. approved an amendment
to our insider trading policy on October&nbsp;17, 2002 to permit our officers,
directors and employees to adopt pre-arranged trading plans in compliance
with Rule&nbsp;10b5-1 under the Securities Exchange Act of 1934. The rule permits
certain shareholders to adopt written plans at a time when they are not in
possession of material nonpublic information and to sell shares according to
the plan on a regular basis (such as for the payment of taxes) regardless of
any subsequent nonpublic information that they might receive in order that
any sales may be made over a more extended period of time.</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our President and Chief Executive Officer, Thomas C. Tiller, has
established a plan under Rule&nbsp;10b5-1 pursuant to which he intends to sell
32,400 shares of our common stock (out of approximately 1.1&nbsp;million shares
beneficially held by Mr.&nbsp;Tiller either directly or in the form of stock
options or restricted shares) on the open market and at prevailing market
prices. Selling according to this trading plan will commence on October&nbsp;22,
2002 and will continue for a period of three months unless sooner terminated.</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Tiller has stated that his trading plan is designed to allow him to
sell approximately 3% of his shares of Polaris common stock for
personal and tax purposes and he remains strongly confident in the
future prospects of Polaris, as evidenced by the fact that the vast majority
of his net worth is in Polaris common stock.</FONT></TD>
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<P align="center"><FONT size="2"><B>SIGNATURE</B>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

</FONT>


<P><FONT size="2">Date: October&nbsp;18, 2002
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        <TD valign="top"><FONT size="2">POLARIS INDUSTRIES INC</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">/s/ Michael W. Malone<BR>
</FONT><HR size="1" noshade><FONT size="2">
Michael W. Malone<BR>
Vice President &#151; Finance,<BR>
Chief Financial Officer and<BR>
Secretary of Polaris Industries Inc</FONT></TD>
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<P align="center"><FONT size="2">2</FONT>


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