ZEBRA TECHNOLOGIES CORP — Director's Dealing 2013

Mar 19, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2013-03-15

Reporting Person: Cho Michael (VP, Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-15	Class A Common Stock	M	479	$30.08	Acquired	6011	Direct
2013-03-15	Class A Common Stock	F	155	$46.27	Disposed	5856	Direct
2013-03-15	Class A Common Stock	F	323	$46.27	Disposed	5533	Direct
2013-03-18	Class A Common Stock	S	324	$46.06	Disposed	5209	Direct
2013-03-18	Class A Common Stock	S	675	$46.09	Disposed	4534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-15	Stock Appreciation Right	$30.08	M	1369	Disposed	2020-03-15	Class A Common Stock (1369)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	5532	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$32.04	2021-09-15	Class A Common Stock (463)	1390	Direct
Stock Appreciation Right	$41.57	2021-05-05	Class A Common Stock (1008)	3024	Direct
Stock Appreciation Right	$38.79	2022-04-30	Class A Common Stock (6852)	6852	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 463 vested on September 15, 2012, 463 vest on September 15, 2013, 463 vest on September 15, 2014 and 464 vest on September 15, 2015.

F2: Of the stock appreciation rights subject to this SAR, 1,369 vested on March 15, 2013 and 1,370 vest on March 15, 2014.

F3: Of the stock appreciation rights subject to this SAR, 1,008 vest on May 5, 2013, 1,008 vest on May 5, 2014 and 1,008 vest on May 5, 2015.

F4: Of the stock appreciation right shares subject to this SAR, 1,713 shares vest on April 30, 2013, 1,713, vest on April 30, 2014, 1,713, vest on April 30, 2015 and 1,713 vest on April 30, 2016.