ZEBRA TECHNOLOGIES CORP — Director's Dealing 2014

Feb 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2014-02-12

Reporting Person: Cho Michael (SVP, Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-12	Class A Common Stock	A	1347	—	Acquired	8600	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7253	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$32.04	2021-09-15	Class A Common Stock (463)	927	Direct
Stock Appreciation Right	$30.08	2020-03-15	Class A Common Stock (1370)	1370	Direct
Stock Appreciation Right	$41.57	2021-05-05	Class A Common Stock (2016)	2016	Direct
Stock Appreciation Right	$38.79	2022-04-30	Class A Common Stock (5139)	5139	Direct
Stock Appreciation Right	$46.07	2023-05-03	Class A Common Stock (4345)	4345	Direct

Footnotes

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

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

F3: Of the stock appreciation rights subject to this SAR, 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, vest on April 30, 2014, 1,713, vest on April 30, 2015 and 1,713 vest on April 30, 2016.

F5: Of the stock appreciation right shares subject to this SAR, 1,086 vest on 5/3/2014, 1,086 shares vest on 5/3/2015, 1,086 shares vest on 5/3/2016 and 1,087 shares vest on 5/3/2017.

F6: Previously unreportable performance based restricted stock granted May 5, 2011 and September 15, 2011 with 3-year performance period ended December 31, 2013. Converted to restricted shares as of February 12, 2014 performance certification with May 5, 2014 vesting date.