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General Stock Option and Restricted Stock Information
The following summarizes share activity and the weighted average exercise price for the following plans for
the each of the three years ended December 31, 2008, 2007 and 2006:
Outstanding
Shares
Weighted
Average
Exercise Price
Outstanding
Shares
Weighted
Average
Exercise Price
Outstanding
Shares
Weighted
Average
Exercise Price
Outstanding
Shares
Weighted
Average
Exercise Price
Option Plan Omnibus Plan Broad Based Plan Director Stock Option Plan
Balance as of December 31,
2005 . . . . . . . . . . . . . . 4,264,798 $33.94 66,700 $15.78 92,000 $43.84
Granted . . . . . . . . . . . . 365,050 46.85 — — 28,000 49.21
Exercised . . . . . . . . . . . (307,527) 22.30 (7,000) 15.78 (8,000) 26.68
Forfeited . . . . . . . . . . . (78,700) 45.87 (1,500) 15.78 (8,000) 52.55
Balance as of December 31,
2006 . . . . . . . . . . . . . . 4,243,621 $35.66 — — 58,200 $15.78 104,000 $45.93
Granted . . . . . . . . . . . . 357,000 46.66 14,000 49.28 — — — —
Exercised . . . . . . . . . . . (403,514) 24.79 — — (11,200) 15.78 (12,000) 40.60
Forfeited . . . . . . . . . . . (56,810) 47.18 — — (600) 15.78 (4,000) 59.19
Balance as of December 31,
2007 . . . . . . . . . . . . . . 4,140,297 $37.51 14,000 $49.28 46,400 $15.78 88,000 $46.06
Granted . . . . . . . . . . . . — — 764,100 $41.24 — — — —
Exercised . . . . . . . . . . . (484,548) 24.17 — — (8,600) 15.78
Forfeited . . . . . . . . . . . (249,900) 64.79 (2,200) $38.04 (1,000) 15.78 — —
Balance as of December 31,
2008 . . . . . . . . . . . . . . 3,405,849 $37.41 775,900 $41.40 36,800 $15.78 88,000 $46.06
Vested or expected to vest as
of December 31, 2008 . . . 3,391,616 $37.37 713,504 $41.34 36,800 $15.78 88,000 $46.06
Options exercisable as of
December 31, 2008 . . . . . 2,920,249 $35.85 — — 36,800 $15.78 88,000 $46.06
The following table summarizes information about stock options outstanding at December 31, 2008:
Range of Exercise Prices
Number
Outstanding at
12/31/08
Weighted Average
Remaining
Contractual Life
Weighted
Average
Exercise Price
Number
Exercisable at
12/31/08
Weighted
Average
Exercise Price
Options Outstanding Options Exercisable
$14.72 to $22.25 .......... 770,608 2.14 $20.56 770,608 $20.56
$22.26 to $28.49 .......... 409,176 4.21 $28.13 382,676 $28.19
$28.50 to $29.33 .......... 500,000 2.53 $29.33 500,000 $29.33
$29.34 to $43.01 .......... 531,800 7.32 $39.99 224,600 $42.62
$43.02 to $44.91 .......... 559,265 7.06 $43.99 363,065 $44.22
$44.92 to $46.66 .......... 612,000 8.60 $46.03 227,000 $46.59
$46.67 to $49.97 .......... 636,200 7.38 $48.25 303,600 $49.89
$49.98 to $75.21 .......... 287,500 6.04 $60.47 273,500 $60.91
The weighted average remaining contractual life of outstanding options was 5.6 years as of December 31,
2008.
49
POLARIS INDUSTRIES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)