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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
POLARIS INDUSTRIES INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
731068 10 2
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(CUSIP Number)
JAMES C. MELVILLE
KAPLAN, STRANGIS AND KAPLAN, P.A.
5500 NORWEST CENTER
90 SOUTH SEVENTH STREET
MINNEAPOLIS, MINNESOTA 55402
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
NOVEMBER 5, 1998
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Statement because of Rule 13d-1(b)(3) or (4), check
the following: / /
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SCHEDULE 13D
CUSIP No. 731069 10 2
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
W. Hall Wendel, Jr.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
00
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(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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(7) SOLE VOTING POWER
NUMBER OF 967,803
SHARES ------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 150,000
EACH ------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 967,803
WITH ------------------------------------------
(10) SHARED DISPOSITIVE POWER
150,000
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
967,803
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* (X)
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.77%
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(14) TYPE OF REPORTING PERSON
IN
*Mr. Wendel disclaims, pursuant to Rule 13d-4, beneficial ownership of 150,000
shares held by The Wendel Foundation of which he is Vice President, Treasurer
and a Trustee.
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SCHEDULE 13D
AMENDMENT NO. 2
This Amendment No. 2 amends and supplements the Schedule 13-D, as amended by
Amendment No. 1 thereto, filed by W. Hall Wendel Jr. (the "Schedule 13D")
with respect to the common stock, $.01 par value, of Polaris Industries Inc.
(the "Common Stock") to the extent of the matter set forth herein, and only
changes from the Schedule 13-D are included herein. Unless otherwise defined
herein, all capitalized terms used but not defined herein shall have the
respective meanings set forth in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is amended to add the following:
As of November 5, 1998, Mr. Wendel is the beneficial owner of less
than five percent of the Common Stock and therefore intends to make no
further filings pursuant to Rule 13d-1 promulgated under the
Securities Exchange Act of 1934 until such time as Mr. Wendel's
ownership of the Common Stock rises to a level above five percent
of the outstanding Common Stock.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is amended to read in its entirety as
follows:
(a) The reporting person beneficially owns 967,803 shares of
Common Stock, including 40,500 shares of Common Stock subject to stock
options granted by the Issuer which will expire on May 10, 2005,
representing 3.77% of the outstanding shares of Common Stock of the
Issuer. The reporting person disclaims beneficial ownership of the
150,000 shares of Common Stock held by the Foundation.
(b) The reporting person has sole voting and dispositive power
for 967,803 of the shares of Common Stock described in Item 5(a)
above. With respect to the 150,000 shares of Common Stock which are
held by the Foundation, the reporting person, as an officer and
trustee of the Foundation, shares voting and dispositive power with:
(i) Terry Saario
3141 Dean Court, Unit 1202
Minneapolis, MN 55416
Vice President and Trustee of the Wendel Foundation;
(ii) Amy Wendel
1034 Chestnut Street
San Francisco, CA 94109
Vice President and Trustee of the Wendel Foundation;
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(iii) Steve Litman
Leonard Street & Deinard
150 South Fifth Street
Minneapolis, MN 55402
Vice President and Trustee of the Wendel Foundation;
(iv) Debbie Farley
14567 - 78th Street N.E.
Elk River, MN 55330
President, Secretary and Trustee of The Wendel
Foundation; and
(v) Andris A. Baltins
Kaplan, Strangis and Kaplan, P.A.
5500 Norwest Center
90 South Seventh Street
Minneapolis, MN 55402
Vice President and Trustee of the Wendel Foundation
(c) Pursuant to the terms of a court order entered on November 5,
1998, the reporting person transferred 383,807 shares of
Common Stock to his former spouse in connection with the
dissolution of their marriage.
(d) Not applicable.
(e) The reporting person has ceased to be the beneficial owner of
more than 5% of the Common Stock on November 5, 1998, the date
of the court order referenced in Item 5(c) above.
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SIGNATURE
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.
Date: November 10, 1998
/s/ W. Hall Wendel, Jr.
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W. Hall Wendel, Jr.
