Motorola Solutions, Inc. — Director's Dealing 2003

Oct 27, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOTOROLA INC (MOT)
CIK: 0000068505
Period of Report: 2003-10-24

Reporting Person: DELANEY EUGENE A (Exec VP and Pres, GRRO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-24	Motorola common stock	M	6000	$8.68	Acquired	12384.7214	Direct
2003-10-24	Motorola common stock	S	6000	—	Disposed	6384.7214	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-24	Stock Option Equity Adjustment Certificate	$8.68	M	6000	Disposed	2003-12-16	Motorola Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Motorola common stock	5084	Indirect

Footnotes

F1: This Certificate was redeemed on October 24, 2003. This Certificate entitles the reporting person to receive upon redemption, cash equal in value to the amount which is the lesser of (1) the difference between $8.68 per share and $14.81 per share or (2) the amount by which the fair market value of a share of Motorola common stock on the date of redemption exceeds $8.68 per share. The fair market value of Motorola common stock on October 24, 2003, the date of redemption was $13.48. At the time of redemption, the non-qualified stock option for 6,000 shares of Motorola common stock at an option exercise price of $14.81 granted to the reporting person on December 16, 1993, must either be exercised or, if not-in-the-money, surrended and cancelled. Such stock option was surrendered and cancelled at the time of redemption.

F2: Includes shares acquired through the reinvestment of dividends.

F3: Includes shares acquired under the Motorola Employee Stock Purchase Plan.