ZEBRA TECHNOLOGIES CORP — Director's Dealing 2014

Aug 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2014-08-11

Reporting Person: GAGNIER HUGH K (SVP Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-11	Class A Common Stock	M	4960	$43.35	Acquired	35002	Direct
2014-08-11	Class A Common Stock	S	4960	$74.61	Disposed	30042	Direct
2014-08-11	Class A Common Stock	M	7822	$36.49	Acquired	37864	Direct
2014-08-11	Class A Common Stock	S	7822	$74.61	Disposed	30042	Direct
2014-08-11	Class A Common Stock	M	9473	$27.82	Acquired	39515	Direct
2014-08-11	Class A Common Stock	S	9473	$74.60	Disposed	30042	Direct
2014-08-11	Class A Common Stock	M	3390	$41.57	Acquired	33432	Direct
2014-08-11	Class A Common Stock	S	3390	$74.60	Disposed	30042	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-11	Employee Stock Option	$43.35	M	4960	Disposed	2016-02-06	Class A Common Stock (4960)	Direct
2014-08-11	Employee Stock Option	$36.49	M	7822	Disposed	2018-04-24	Class A Common Stock (7822)	Direct
2014-08-11	Stock Appreciation Right	$27.82	M	15100	Disposed	2020-05-06	Class A Common Stock (15100)	Direct
2014-08-11	Stock Appreciation Right	$41.57	M	7649	Disposed	2021-05-05	Class A Common Stock (7649)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	30042	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$38.79	2022-04-30	Class A Common Stock (15572)	15572	Direct
Stock Appreciation Right	$46.07	2023-05-03	Class A Common Stock (9775)	9775	Direct
Stock Appreciation Right	$74.72	2024-05-08	Class A Common Stock (5458)	5458	Direct

Footnotes

F1: Of the shares subject to such option, 744 vested on February 6, 2007, 868 vested on February 6, 2008, 992 vested on February 6, 2009, 1,116 vested on February 6, 2010 and 1,240 vested on February 6, 2011.

F2: Of the shares subject to such option, 3,620 vested on April 24, 2009, 3,620 vested on April 24, 2010, 3,620 vested on April 24, 2011 and 3,620 vested on April 24, 2012.

F3: Of the stock appreciation right shares subject to this SAR, 3,775 shares vested on May 6, 2011, 3,775 shares vested on May 6, 2012, 3,775 shares vested on May 6, 2013 and 3,775 vested on May 6, 2014.

F4: Of the stock appreciation right shares subject to this SAR, 3,129 shares vested on May 5, 2012, 3,129 shares vested on May 5, 2013, 3,129 vested on May 5, 2014 and 3,129 shares vest on May 5, 2015.

F5: Of the stock appreciation right shares subject to this SAR, 3,893 shares vested on April 30, 2013, 3,893, vested on April 30, 2014, 3,893, vest on April 30, 2015 and 3,893 vest on April 30, 2016.

F6: Of the stock appreciation right shares subject to this SAR, 2,443 shares vested on May 3, 2014, 2,444 shares vest on May 3, 2015, 2,444 shares vest on May 3, 2016 and 2,444 shares vest on May 3, 2017.

F7: Of the stock appreciation right shares subject to this SAR, 1,364 shares vest on May 8, 2015, 1,364 vest on May 8, 2016, 1,365 vest on May 8, 2017 and 1,365 vest on May 8, 2018