SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Darling Bradley D

(Last)

(First)

(Middle)

C/O ARCTIC CAT INC

600 BROOKS AVE SOUTH

(Street)

THIEF RIVER FALLS

56701

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2011

3. Issuer Name and Ticker or Trading Symbol
ARCTIC CAT INC [ ACAT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	08/08/2008⁽¹⁾	08/08/2012	Common Stock	11,655	$17.78	D
Stock Option (right to buy)	08/06/2010⁽²⁾	08/06/2014	Common Stock	4,000	$6.26	D
Restricted Stock Grant	08/07/2009⁽³⁾	⁽³⁾	Common Stock	7,500	$0	D
Restricted Stock Grant	08/06/2011⁽⁴⁾	⁽⁴⁾	Common Stock	3,000	$0	D
Restricted Stock Grant	06/08/2011⁽⁵⁾	⁽⁵⁾	Common Stock	4,000	$0	D

Explanation of Responses:

1. The Option is subject to vesting in three (3) equal annual installments on each of 08/08/2008, 08/08/2009 and 08/08/2010.

2. The Option is subject to vesting in three (3) equal annual installments on each of 08/06/2010, 08/06/2011 and 08/06/2012.

3. Restricted Stock grant is subject to vesting in three equal annual installments on each of 08/07/2009, 08/07/2010 and 08/07/2011; 5,000 shares reflected on Table I.

4. Restricted Stock grant is subject to 100% vesting on 08/06/2011.

5. Restricted Stock grant is subject to vesting in three equal annual installments on each of 06/08/2011, 06/08/2012 and 06/08/2013.

Remarks:

	/s/ Bradley D. Darling	01/03/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.