<SEC-DOCUMENT>0001157523-21-000152.txt : 20210208
<SEC-HEADER>0001157523-21-000152.hdr.sgml : 20210208
<ACCEPTANCE-DATETIME>20210208165157
ACCESSION NUMBER:		0001157523-21-000152
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210208
DATE AS OF CHANGE:		20210208

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Polaris Inc.
		CENTRAL INDEX KEY:			0000931015
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		IRS NUMBER:				411790959
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43419
		FILM NUMBER:		21602113

	BUSINESS ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340
		BUSINESS PHONE:		(763) 542-0500

	MAIL ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		STREET 2:		NONE
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POLARIS INDUSTRIES INC/MN
		DATE OF NAME CHANGE:	19941004

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Polaris Inc.
		CENTRAL INDEX KEY:			0000931015
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		IRS NUMBER:				411790959
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340
		BUSINESS PHONE:		(763) 542-0500

	MAIL ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		STREET 2:		NONE
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POLARIS INDUSTRIES INC/MN
		DATE OF NAME CHANGE:	19941004
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>a52374951.htm
<DESCRIPTION>POLARIS INC. SCHEDULE 13G/A
<TEXT>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Washington, D.C.&#160; 20549</div>
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          <td style="width: 99.91%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SCHEDULE 13G</div>
            <div style="text-align: center; font-weight: bold;">(Rule 13d-102)</div>
            <div>&#160;</div>
            <div style="text-align: center; font-weight: bold;">Information to be Included in Statements Filed Pursuant to &#167;&#160;240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to &#167;&#160;240.13d-2.</div>
            <div>&#160;</div>
            <div style="text-align: center; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
            <div style="text-align: center; font-weight: bold;">(Amendment No. 7)*</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">POLARIS INC.</div>
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          <td style="width: 99.91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(Name of Issuer)</sup></div>
            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
              </sup></div>
            <div style="text-align: center; font-weight: bold;">Common stock, $0.01 par value</div>
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            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(Title of Class of Securities)</sup></div>
            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
              </sup></div>
            <div style="text-align: center; font-weight: bold;">731068102</div>
          </td>
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          <td style="width: 99.91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(CUSIP Number)</sup></div>
            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
              </sup></div>
          </td>
        </tr>
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          <td style="width: 99.91%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">December 31, 2020</div>
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 99.91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(Date of Event Which Requires Filing of This Statement)</sup></div>
          </td>
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    </table>
    <div> <br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#9746; Rule 13d-1(b)</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#9744; Rule 13d-1(c)</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#9744; Rule 13d-1(d)</div>
    <div><br>
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    <div style="text-align: justify; text-indent: 18.7pt;">*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
      containing information which would alter the disclosures provided in a prior cover page.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18.7pt;">The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to
      the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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            <div><font style="font-weight: bold;">CUSIP No.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 108pt">&#160;</font><font style="font-weight: bold;">731068102</font></div>
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            <div style="text-indent: 79.9pt; font-weight: bold;">13G</div>
          </td>
          <td style="width: 33.94%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-weight: bold;">1</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Names of Reporting Persons</div>
            <div>&#160;</div>
            <div>Polaris Industries Inc. Employee Stock Ownership Plan</div>
            <div>&#160;</div>
          </td>
          <td colspan="1" style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
            </div>
            <div style="text-align: center; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">2</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div> <br>
            </div>
            <div>Check the Appropriate Box if a Member of a Group<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
            <div><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 396pt">&#160;</font></div>
          </td>
          <td colspan="1" style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>&#160;</div>
            <div>(a) </div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">(<font style="font-style: italic;">See</font> Instructions)<br>
          </td>
          <td rowspan="1" style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);" colspan="1">(b) </td>
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          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; font-weight: bold;">3</div>
          </td>
          <td rowspan="1" style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); background-color: rgb(191, 191, 191); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-left: 2px solid rgb(0, 0, 0);" colspan="3">&#160;
            <div style="background-color: rgb(191, 191, 191); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">SEC Use Only</div>
            <div style="background-color: rgb(191, 191, 191); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; font-weight: bold;">4</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div> <br>
            </div>
            <div>Citizenship or Place of Organization</div>
            <div>&#160;</div>
            <div>Minnesota</div>
            <div>&#160;</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 8%;" rowspan="4">
            <div>&#160;</div>
            <div style="text-align: center;">Number of</div>
            <div style="text-align: center;">Shares</div>
            <div style="text-align: center;">Beneficially</div>
            <div style="text-align: center;">Owned by</div>
            <div style="text-align: center;">Each</div>
            <div style="text-align: center;">Reporting</div>
            <div style="text-align: center;">Person</div>
            <div style="text-align: center;">With:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">5</div>
          </td>
          <td colspan="2" rowspan="1" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Sole Voting Power</div>
            <div>&#160;</div>
            <div>0</div>
            &#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">6</div>
          </td>
          <td colspan="2" rowspan="1" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Shared Voting Power</div>
            <div>&#160;</div>
            <div>3,242,338</div>
            &#160;</td>
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        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">7</div>
          </td>
          <td colspan="2" rowspan="1" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Sole Dispositive Power</div>
            <div>&#160;</div>
            <div>0</div>
            &#160;</td>
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        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">8</div>
          </td>
          <td colspan="2" rowspan="1" style="width: 61%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>Shared Dispositive Power</div>
            <div>&#160;</div>
            <div>3,242,388</div>
            &#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">9</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Aggregate Amount Beneficially Owned by Each Reporting Person</div>
            <div>&#160;</div>
            <div>3,242,338</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">10</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Check if the Aggregate Amount in Row (9) Excludes Certain Shares<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">11</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div>Percent of Class Represented by Amount in Row 9</div>
            <div>&#160;</div>
            <div>5.2%</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">12</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Type of Reporting Person (<font style="font-style: italic;">See</font> Instructions)</div>
            <div>&#160;</div>
            <div>EP</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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    <div style="margin-top: 3pt;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <div style="margin-top: 3pt; font-weight: bold;">Item 1.</div>
    <div style="margin-top: 3pt; font-weight: bold;"> <br>
    </div>
    <div style="margin-top: 3pt; font-weight: bold;">
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(a)</div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div>Name of Issuer:</div>
            </td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div>Polaris Inc.</div>
            </td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(b)</div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div>Address of Issuer's Principal Executive Offices:</div>
            </td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">&#160;</td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">
              <div>2100 Highway 55</div>
            </td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 5%; vertical-align: top;"><br>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: top;">Medina, MN 55340</td>
            <td style="width: 31%; vertical-align: top;">&#160;</td>
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            <td style="width: 13%; vertical-align: top;">&#160;</td>
            <td style="width: 28%; vertical-align: top;">&#160;</td>
            <td style="width: 29.37%; vertical-align: top;">&#160;</td>
            <td style="width: 29.52%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 13%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="font-weight: bold;">Item 2.</div>
            </td>
            <td style="width: 29.37%; vertical-align: top;">&#160;</td>
            <td style="width: 29.52%; vertical-align: top;">&#160;</td>
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      </table>
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(a)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Name of Person Filing:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">
              <div>Polaris Industries Inc. Employee Stock Ownership Plan (&#8220;ESOP&#8221;)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(b)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Address of Principal Business Office or, if none, Residence:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">
              <div>c/o Polaris Industries Inc. Employee Stock Ownership Plan Committee</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;"><br>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">2100 Highway 55</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;"><br>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">Medina, MN 55340</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(c)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Citizenship:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">
              <div>Minnesota</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(d)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Title of Class of Securities:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">
              <div>Common Stock, par value $0.01 per share</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(e)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>CUSIP Number:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 91%; vertical-align: top;">
              <div>731068102</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-weight: bold;">Item 3.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div style="font-weight: bold;">If this statement is filed pursuant to &#167;&#167;&#160;240.13d&#8209;1(b), or &#167;&#167; 240.13d&#8209;2(b) or (c), check whether the person filing is a:</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(a)</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#9744;</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>Broker or dealer registered under section&#160;15 of the Act.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(b)</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#9744;</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>Bank as defined in section 3(a)(6) of the Act.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(c)</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#9744;</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>Insurance company as defined in section&#160;3(a)(19) of the Act.</div>
            </td>
          </tr>

      </table>
      <br>
      <br>
      <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
      <div style="font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> The Trustee of the Polaris Industries Inc. Employee Stock Ownership Plan is Fidelity Management Trust Company.&#160; The ESOP allows plan participants to direct voting of shares allocated to their plan
        accounts, and all shares held by the ESOP and reported on this Schedule are allocated to plan participant accounts.&#160; <font style="color: #000000;">Under the ESOP as in effect on December 31, 2020 and the applicable trust agreement, the Trustee is
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          that all investments of plan assets in Polaris common stock are to be made by the Trustee only upon direction of the ESOP Committee. Although the Trustee may theoretically be deemed to share, at least temporarily, voting and dispositive power as
          to all shares reported on this Schedule, the Trustee disclaims beneficial ownership of the shares held by it in its capacity as Trustee of the ESOP.</font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
    </div>
    <div style="margin-top: 3pt; font-weight: bold;"> <br>
    </div>
    <div style="margin-top: 3pt; font-weight: bold;">
      <table cellspacing="0" cellpadding="0" border="0" id="ze534b46bab6a4db89ecb8fd0a903d5ab" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(d)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Investment company registered under Section 8 of the Investment Company Act of 1940.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(e)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">An investment adviser in accordance with &#167;&#160;240.13d-1(b)(1)(ii)(E).</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(f)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9746;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">An employee benefit plan or endowment fund in accordance with &#167;&#160;240.13d&#8209;1(b)(1)(ii)(F).</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(g)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">A parent holding company or control person in accordance with &#167;&#160;240.13d&#8209;1(b)(1)(ii)(G).</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(h)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(i)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(j)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">A non-U.S. institution in accordance with &#167;&#160;240.13d&#8209;1(b)(1)(ii)(J).</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(k)</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">&#9744;</div>
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            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Group, in accordance with &#167;&#160;240.13d&#8209;1(b)(1)(ii)(K).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div style="font-family: 'Times New Roman', Times, serif;">If filing as a non-U.S. institution in accordance with &#167;&#160;240.13d&#8209;1(b)(1)(ii)(J), please specify the type of institution:</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 4.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Ownership.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(a)</div>
            </td>
            <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="font-family: 'Times New Roman', Times, serif;">Amount beneficially owned:&#160;&#160;&#160; 3,242,338</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(b)</div>
            </td>
            <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="font-family: 'Times New Roman', Times, serif;">Percent of class:&#160;&#160;&#160; 5.2%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(c)</div>
            </td>
            <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="2">
              <div style="font-family: 'Times New Roman', Times, serif;">Number of shares as to which such person has:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(i)</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Sole power to vote or to direct the vote:&#160;&#160;&#160; None</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(ii)</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Shared power to vote or to direct the vote:&#160;&#160;&#160; 3,242,338</div>
            </td>
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(iii)</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Sole power to dispose or to direct the disposition of:&#160;&#160;&#160; None</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 89%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">(iv)</div>
            </td>
            <td style="width: 89%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif;">Shared power to dispose or to direct the disposition of:&#160;&#160;&#160; 3,242,338</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 5.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Ownership of Five Percent or Less of a Class.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 45pt;"><font style="font-weight: normal;">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of
          securities, check the following&#160; &#9744;.</font>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 6.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Ownership of More than Five Percent on Behalf of Another Person.</div>
              <br>
            </td>
          </tr>

      </table>
      <div style="text-indent: 45pt;"> <font style="font-weight: normal;">The participants in and beneficiaries of the ESOP have the right to receive dividends from and the proceeds from the sale of the shares of Polaris common stock reported on this
          Schedule.&#160; No person has such a right with respect to more than 5% of Polaris&#8217; outstanding common stock.</font></div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 7.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div>
                <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding
                  Company.</div>
                &#160;&#160;&#160;</div>
              <div>Not applicable. </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 8.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div>
                <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Identification and Classification of Members of the Group.</div>
                &#160;&#160;&#160;</div>
              <div>
                <div style="font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
              </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 9.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div>
                <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Notice of Dissolution of Group.</div>
                &#160;&#160;&#160;</div>
              <div>Not applicable. </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 10.</div>
            </td>
            <td style="width: 95%; vertical-align: top;" rowspan="1">
              <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Certifications.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-top: 3pt; font-weight: bold;"> <br>
    </div>
    <div style="text-indent: 45pt; color: #000000;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held
      for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than
      activities solely in connection with a nomination under &#167;240.14a-11.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-indent: 45pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div>Date:&#160;&#160;&#160;&#160;&#160; February 2, 2021</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 38%; font-weight: bold;" colspan="3" rowspan="1">POLARIS INDUSTRIES INC. EMPLOYEE STOCK OWNERSHIP PLAN&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="3" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 38%; font-weight: bold;" colspan="3" rowspan="1">By: Polaris Industries Inc. Employee Stock Ownership Plan Committee, as Plan Administrator&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="2"><br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;"><br>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Gary E. Hendrickson<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 228.55pt"> <br>
              </font></td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Gary E. Hendrickson<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 228.55pt"> <br>
              </font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">Committee Chairman</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: right;"><br>
    </div>
  </div>
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