X0306 4 2012-09-14 0000719866 ARCTIC CAT INC ACAT 0001171707 TWOMEY CHRISTOPHER A 505 HIGHWAY 169 NORTH SUITE 1000 PLYMOUTH MN 55441 1 0 0 0 Common Stock 2012-09-14 4 M 0 271 11.05 A 56405 D Common Stock 2012-09-14 4 F 0 68 44.47 D 56337 D Common Stock 2012-09-14 4 F 0 81 44.47 D 56256 D Common Stock 2012-09-14 4 S 0 122 45.76 D 56134 D Common Stock 2012-09-14 4 M 0 24090 17.78 A 80224 D Common Stock 2012-09-14 4 F 0 9360 45.7595 D 70864 D Common Stock 2012-09-14 4 F 0 5892 45.7595 D 64972 D Common Stock 2012-09-14 4 S 0 8838 45.76 D 56134 D Stock Settled Appreciation Right 11.05 2012-09-14 4 M 0 271 0 D 2019-08-06 Common Stock 271 0 D Stock Option (Right to Buy) 17.78 2012-09-14 4 M 0 24090 0 D 2017-08-08 Common Stock 24090 77989 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $46.12 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 range set forth in this footnote. The Right may be exercised after the Company's Common Stock trades at a market price of $2.00 more than the exercise price of the SSARs for 30 of the preceeding 40 trading days; provided the Right may not be exercised prior to March 31, 2011. Fully vested. /s/ Scott J. Dorfman as Attorney-in-Fact for Christopher A. Twomey pursuant to Power of Attorney previously filed. 2012-09-18