ZEBRA TECHNOLOGIES CORP — Director's Dealing 2010

May 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2010-05-06

Reporting Person: KAPUT JIM L (SVP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-06	Class A Common Stock	A	3500	—	Acquired	19500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-06	Stock Appreciation Right	$27.82	A	9700	Acquired	2020-05-06	Class A Common Stock (9700)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$24.99	2019-08-31	Class A Common Stock (25500)	25500	Direct

Footnotes

F1: Of the stock appreciation right shares subject to this SAR, 6,375 shares vest on August 31, 2010; 6,375 shares vest on August 31, 2011; 6,375 shares vest on August 31, 2012; and 6,375 shares vest on August 31, 2013.

F2: Restricted shares that will vest on May 6, 2013.

F3: Of the stock appreciation right shares subject to this SAR, 2,425 shares vest on May 6, 2011, 2,425 shares vest on May 6, 2012, 2,425 shares vest on May 6, 2013 and 2,425 shares vest on May 6, 2014.