ZEBRA TECHNOLOGIES CORP — Director's Dealing 2014

Dec 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2014-12-03

Reporting Person: Cho Michael (SVP, Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-03	Class A Common Stock	S	901	$75.34	Disposed	8272	Direct
2014-12-03	Class A Common Stock	S	449	$75.44	Disposed	7823	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9173	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$32.04	2021-09-15	Class A Common Stock (464)	464	Direct
Stock Appreciation Right	$41.57	2021-05-05	Class A Common Stock (1008)	1008	Direct
Stock Appreciation Right	$38.79	2022-04-30	Class A Common Stock (3426)	3426	Direct
Stock Appreciation Right	$46.07	2023-05-03	Class A Common Stock (3259)	3259	Direct
Stock Appreciation Right	$74.72	2024-05-08	Class A Common Stock (2573)	2573	Direct

Footnotes

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

F2: Of the stock appreciation rights subject to this SAR, 1,008 vested on May 5, 2014 and 1,008 vest on May 5, 2015.

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

F4: Of the stock appreciation right shares subject to this SAR, 1,086 vested on May 3, 2014, 1,086 shares vest on May 3, 2015, 1,086 shares vest on May 3, 2016 and 1,087 shares vest on May 3, 2017.

F5: Of the stock appreciation right shares subject to this SAR, 643 shares vest on May 8, 2015, 643 vest on May 8, 2016, 643 vest on May 8, 2017 and 644 vest on May 8, 2018.