Motorola Solutions, Inc. — Director's Dealing 2020

Mar 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Motorola Solutions, Inc. (MSI)
CIK: 0000068505
Period of Report: 2020-03-08

Reporting Person: BONANOTTE GINO A (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-08	Motorola Solutions, Inc. - Common Stock	M	3411	—	Acquired	48824.4613	Direct
2020-03-08	Motorola Solutions, Inc. - Common Stock	F	1512	$175.92	Disposed	47312.4613	Direct
2020-03-09	Motorola Solutions, Inc. - Common Stock	M	5442	—	Acquired	52754.4613	Direct
2020-03-09	Motorola Solutions, Inc. - Common Stock	F	2411	$165.69	Disposed	50343.4613	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-08	Market Stock Units	$	M	1995	Disposed		Motorola Solutions, Inc. - Common Stock (1995)	Direct
2020-03-09	Market Stock Units	$	M	2721	Disposed		Motorola Solutions, Inc. - Common Stock (2721)	Direct
2020-03-09	Performance Option	$81.37	A	81507	Acquired	2027-03-09	Motorola Solutions, Inc. - Common Stock (81507)	Direct

Footnotes

F1: Represents the vesting (1,995) and payout (3,411) of the second tranche (1/3) of the market stock units (MSU) granted on March 8, 2018 at 171% payout factor and such payout includes 1,416 shares which were above 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: Represents the vesting (2,721) and payout (5,442) of the third tranche (1/3) of the market stock units (MSU) granted on March 9, 2017 at 200% payout factor and such payout includes 2,721 shares which were above the target number of shares originally reported.

F4: 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).

F5: 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.

F6: Represents the vesting of performance based stock options granted to the reporting person on March 9, 2017 that were eligible to vest on the third anniversary date of the grant or March 9, 2020 based on the satisfaction of certain financial performance objectives. On March 9, 2020, the Company determined that, based on the Company's performance over the applicable performance period, 81,507 options would vest.