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Motorola Solutions, Inc. — Director's Dealing 2016
Mar 11, 2016
29923_dirs_2016-03-11_8ac84184-c6b4-49a8-9f22-2cd2b49aca8f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Motorola Solutions, Inc. (MSI)
CIK: 0000068505
Period of Report: 2016-03-09
Reporting Person: CONRADO EDUARDO F (EVP and Chief Strategy & IO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-09 | Motorola Solutions, Inc. - Common Stock | M | 1822 | — | Acquired | 26151.0253 | Direct |
| 2016-03-09 | Motorola Solutions, Inc. - Common Stock | F | 590 | $71.48 | Disposed | 25561.0253 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-09 | Market Stock Units | $ | M | 1841 | Disposed | Motorola Solutions, Inc. - Common Stock (1841) | Direct |
Footnotes
F1: Represents the vesting and payout of the first tranche (1/3) of the market stock units (MSU) (1,841) granted on March 9, 2015 at 99% payout factor and does not include 19 shares which were below the target number of shares originally reported.
F2: Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
F3: Each market stock unit (MSU") converts into shares of common stock on a 1-for-1 basis but the number of MSUs earned varies from 0% to 200% of the target number of MSUs based on the average of the closing price of the Company's common stock on the date of grant and the thirty calendar days immediately preceding the date of grant (referred to as Share Price on Date of Grant) as compared to the closing share price of the Company's common stock on the vesting date and the thirty calendar days immediately preceding the vesting date (referred to as Share Price on Vesting Date).
F4: One-third of the MSU award will vest on each of the first, second and third anniversaries of the date of grant and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant.