ZEBRA TECHNOLOGIES CORP — Director's Dealing 2014

Aug 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2014-08-22

Reporting Person: Gerskovich Philip (SVP, New Growth Platforms)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-22	Class A Common Stock	M	2923	$27.82	Acquired	16836	Direct
2014-08-22	Class A Common Stock	S	2923	$76.82	Disposed	13913	Direct
2014-08-22	Class A Common Stock	M	2671	$41.57	Acquired	16584	Direct
2014-08-22	Class A Common Stock	S	2671	$76.82	Disposed	13913	Direct
2014-08-22	Class A Common Stock	M	2470	$38.79	Acquired	16383	Direct
2014-08-22	Class A Common Stock	S	2470	$76.82	Disposed	13913	Direct
2014-08-22	Class A Common Stock	M	617	$46.07	Acquired	14530	Direct
2014-08-22	Class A Common Stock	S	617	$76.82	Disposed	13913	Direct
2014-08-22	Class A Common Stock	M	14480	$36.49	Acquired	28393	Direct
2014-08-22	Class A Common Stock	S	14480	$76.83	Disposed	13913	Direct
2014-08-22	Class A Common Stock	M	884	$41.25	Acquired	14797	Direct
2014-08-22	Class A Common Stock	S	884	$76.83	Disposed	13914	Direct
2014-08-22	Class A Common Stock	S	4429	$76.81	Disposed	9484	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-22	Employee Stock Option	$41.25	M	884	Disposed	2017-04-25	Class A Common Stock (884)	Direct
2014-08-22	Employee Stock Option	$36.49	M	14480	Disposed	2018-04-24	Class A Common Stock (14480)	Direct
2014-08-22	Stock Appreciation Right	$27.82	M	4579	Disposed	2020-05-06	Class A Common Stock (4579)	Direct
2014-08-22	Stock Appreciation Right	$41.57	M	5811	Disposed	2021-05-05	Class A Common Stock (5811)	Direct
2014-08-22	Stock Appreciation Right	$38.79	M	4982	Disposed	2022-04-30	Class A Common Stock (4982)	Direct
2014-08-22	Stock Appreciation Right	$46.07	M	1538	Disposed	2023-05-03	Class A Common Stock (1538)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	13913	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$74.72	2024-05-08	Class A Common Stock (3431)	3431	Direct

Footnotes

F1: 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 vested on April 25, 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, 2,425 shares vested on May 6, 2011, 2,425 shares vested on May 6, 2012, 2,425 shares vested on May 6, 2013 and 2,425 shares vested on May 6, 2014.

F4: Of the stock appreciation right shares subject to this SAR, 1,937 shares vested on May 5, 2012, 1,937 shares vested on May 5, 2013, 1,937 shares vested on May 5, 2014 and 1,937 shares vest on May 5, 2015.

F5: Of the stock appreciation right shares subject to this SAR, 2,491 shares vested on April 30, 2013, 2,491 vested on April 30, 2014, 2,492 vested on April 30, 2015 and 2,492 vest on April 30, 2016.

F6: Of the stock appreciation right shares subject to this SAR, 1,538 shares vested on May 3, 2014, 1,539 shares vest on May 3, 2015, 1,539 shares vest on May 3, 2016 and 1,539 shares vest on May 3, 2017.

F7: Of the stock appreciation right shares subject to this SAR, 857 shares vest on May 8, 2015, 858 vest on May 8, 2016, 858 vest on May 8, 2017 and 858 vest on May 8, 2018.