Motorola Solutions, Inc. — Director's Dealing 2021

Feb 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Motorola Solutions, Inc. (MSI)
CIK: 0000068505
Period of Report: 2021-02-04

Reporting Person: BROWN GREGORY Q (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-04	Motorola Solutions, Inc. - Common Stock	M	12606	$38.04	Acquired	58182.2816	Direct
2021-02-04	Motorola Solutions, Inc. - Common Stock	S	12606	$182.525	Disposed	45576.2816	Direct
2021-02-04	Motorola Solutions, Inc. - Common Stock	M	17387	$38.04	Acquired	62963.2816	Direct
2021-02-04	Motorola Solutions, Inc. - Common Stock	D	3628	$182.33	Disposed	59335.2816	Direct
2021-02-04	Motorola Solutions, Inc. - Common Stock	S	13759	$182.5002	Disposed	45576.2816	Direct
2021-02-05	Motorola Solutions, Inc. - Common Stock	M	3600	$38.04	Acquired	49176.2816	Direct
2021-02-05	Motorola Solutions, Inc. - Common Stock	S	3600	$182.9246	Disposed	45576.2816	Direct
2021-02-05	Motorola Solutions, Inc. - Common Stock	M	2909	$38.04	Acquired	48485.2816	Direct
2021-02-05	Motorola Solutions, Inc. - Common Stock	D	609	$181.89	Disposed	47876.2816	Direct
2021-02-05	Motorola Solutions, Inc. - Common Stock	S	2300	$182.9626	Disposed	45576.2816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-04	Employee Stock Option - (Right to Buy)	$38.04	M	12606	Disposed	2021-02-22	Motorola Solutions, Inc. - Common Stock (12606)	Direct
2021-02-04	Stock Appreciation Right	$38.04	M	17387	Disposed	2021-02-22	Motorola Solutions, Inc. - Common Stock (17387)	Direct
2021-02-05	Employee Stock Option (Right to Buy)	$38.04	M	3600	Disposed	2021-02-22	Motorola Solutions, Inc. - Common Stock (3600)	Direct
2021-02-05	Stock Appreciation Right	$38.04	M	2909	Disposed	2021-02-22	Motorola Solutions, Inc. - Common Stock (2909)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Motorola Solutions, Inc. - Common Stock	2220	Indirect
Motorola Solutions, Inc. - Common Stock	81000	Indirect
Motorola Solutions, Inc. - Common Stock	78780	Indirect
Motorola Solutions, Inc. - Common Stock	24719	Indirect
Motorola Solutions, Inc. - Common Stock	22517	Indirect
Motorola Solutions, Inc. - Common Stock	41489	Indirect
Motorola Solutions, Inc. - Common Stock	104597	Indirect
Motorola Solutions, Inc. - Common Stock	28817	Indirect

Footnotes

F1: The exercise of these options and stock appreciation rights and sale of shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2020.

F2: Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.

F3: $182.5250 is the weighted average sales price. Prices for this transaction ranged from $182.50 to 182.74. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: This represents the difference between the number of SARs exercised (17,387) and the number of shares issued as a result of the exercise (13,759). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date the SAR is exercised ($182.33) and the base price ($38.04).

F5: $182.5002 is the weighted average sales price. Prices for this transaction ranged from $182.50 to 182.51. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F6: $182.9246 is the weighted average sales price. Prices for this transaction ranged from $182.50 to $183.29. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F7: This represents the difference between the number of SARs exercised (2,909) and the number of shares issued as a result of the exercise (2,300). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date the SAR is exercised ($181.89) and the base price ($38.04).

F8: $182.9626 is the weighted average sales price. Prices for this transaction ranged from 182.63 to $183.30. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F9: These shares are held in an irrevocable trust for the benefit of the reporting person's wife and children. The reporting person's wife is trustee of this trust.

F10: These shares are held in a family trust for the benefit of the reporting person's children. The reporting person is trustee of this trust.

F11: These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust.

F12: These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust.

F13: These options and stock appreciation rights vested in three equal annual installments beginning on February 22, 2012.