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ZEBRA TECHNOLOGIES CORP Director's Dealing 2010

May 10, 2010

17736_dirs_2010-05-10_2efeba9a-308e-4b82-b014-763a7b71c27d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Gerskovich Philip (SVP, Corporate Development)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-06 Class A Common Stock A 3500 Acquired 20748 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
Employee Stock Option $50.36 2015-03-10 Class A Common Stock (29786) 29786 Direct
Employee Stock Option $43.35 2016-02-06 Class A Common Stock (23068) 23068 Direct
Employee Stock Option $41.25 2017-04-25 Class A Common Stock (9697) 9697 Direct
Employee Stock Option $36.49 2018-04-24 Class A Common Stock (14480) 14480 Direct
Stock Appreciation Right $19.56 2019-05-07 Class A Common Stock (21842) 21842 Direct

Footnotes

F1: Of the shares subject to such option, 4,467 vested on March 10, 2006, 5,212 vested on March 10, 2007, 5,958 vest on March 10, 2008, 6,702 vested on March 10, 2009 and 7,447 vest on March 10, 2010.

F2: Of the shares subject to such option, 3,460 vested on February 6, 2007, 4,036 vested on February 6, 2008, 4,613 vested on February 6, 2009, 5,191 vested on February 6, 2010 and 5,768 vest on February 6, 2011.

F3: Of the shares subject to such option, 2,424 vested on April 25, 2008, 2,424 vested on April 25, 2009, 2,424 vested on April 25, 2010 and 2,425 vest on April 25, 2011.

F4: Of the shares subject to such option, 3,620 vested on April 24, 2009, 3,620 vested on April 24, 2010, 3,620 vest on April 24, 2011 and 3,620 vest on April 24, 2012.

F5: Of the stock appreciation right shares subject to this SAR, 5,460 shares vest on May 7, 2010, 5,460 shares vest on May 7, 2011, 5,461 shares vest on May 7, 2012 and 5,461 shares vest on May 7, 2013.

F6: Restricted shares that will vest on May 6, 2013.

F7: 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.