X0305 4 2012-02-14 0000719866 ARCTIC CAT INC ACAT 0001417854 Walker Mary Ellen 505 HIGHWAY 169 NORTH SUITE 1000 PLYMOUTH MN 55441 0 1 0 0 VP Gen Mgr of PG&A and Sales Common Stock 2012-02-14 4 M 0 10449 9.57 A 27058 D Common Stock 2012-02-14 4 F 0 2886 34.6519 D 24172 D Common Stock 2012-02-14 4 F 0 3032 34.6519 D 21140 D Common Stock 2012-02-14 4 M 0 11368 6.26 A 32508 D Common Stock 2012-02-14 4 F 0 2054 34.6519 D 30454 D Common Stock 2012-02-14 4 F 0 3734 34.6519 D 26720 D Common Stock 2012-02-14 4 M 0 11355 10.79 A 38075 D Common Stock 2012-02-14 4 F 0 3536 34.6519 D 34539 D Common Stock 2012-02-14 4 F 0 3135 34.6519 D 31404 D Common Stock 2012-02-14 4 S 0 14796 34.65 D 16608 D Stock Option (Right to Buy) 9.57 2012-02-14 4 M 0 10449 0 D 2018-08-07 Common Stock 10449 10449 D Stock Option (Right to Buy) 6.26 2012-02-14 4 M 0 11368 0 D 2019-08-06 Common Stock 11368 11368 D Stock Option (Right to Buy) 10.79 2012-02-14 4 M 0 11355 0 D 2020-04-01 Common Stock 11355 22745 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.60 to $34.74, inclusive. The reporting person undertakes to provide Arctic Cat, Inc., any security holder of Arctic Cat, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. 100% vested. Remaining 11,368 options vest on 8/6/12. Remaining 22,745 options vest in equal amounts on each of 4/1/12 and 4/1/13. /s/ Scott J. Dorfman as Attorney-in-Fact for Mary Ellen Walker pursuant to Power of Attorney previously filed. 2012-04-04