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ZEBRA TECHNOLOGIES CORP Director's Dealing 2011

Feb 7, 2011

17736_dirs_2011-02-07_6ffeddd4-ecc8-4747-9bb5-9209ed56cf1e.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2010-12-31

Reporting Person: CLESS GERHARD (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-23	Class A Common Stock	G	14794	—	Disposed	1645158	Indirect
2008-07-23	Class A Common Stock	G	20888	—	Disposed	1624270	Indirect
2010-11-23	Class A Common Stock	G	107000	—	Disposed	37657	Direct
2010-11-26	Class A Common Stock	G	30000	—	Disposed	657	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	62713	Indirect

Footnotes

F1: Reflects the net transfer during 2010 of 166,439 shares from the reporting person to grantor retained annuity trusts in transactions exempt from section 16 reporting requirements.