ZEBRA TECHNOLOGIES CORP — Director's Dealing 2016

May 16, 2016

SEC Form 4/A — Form 4/A

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2016-05-12

Reporting Person: Heel Joachim (SVP, Global Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-12	Class A Common Stock	A	6846	$51.42	Acquired	22832	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-12	Stock Appreciation Right	$51.42	A	8854	Acquired	2026-05-12	Class A Common Stock (8854)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	15986	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$73.50	2024-09-15	Class A Common Stock (8572)	8572	Direct
Stock Appreciation Right	$108.20	2025-05-15	Class A Common Stock (4526)	4526	Direct

Footnotes

F1: Includes 302 shares held in Zebra's employee stock purchase plan at 12/31/2015.

F2: Restricted shares that will vest on May 12, 2019.

F3: Of the stock appreciation right shares subject to this SAR, 2,143 shares vest on September 15, 2015, 2,143 shares vest on September 15, 2016, 2,143 shares vest on September 15, 2017, 1,132 shares vest on September 15, 2018.

F4: Of the stock appreciation right shares subject to this SAR, 1,131 shares vest on May 15, 2016, 1,131 shares vest on May 15, 2017, 1,132 shares vest on May 15, 2018 and 1,132 shares vest on May 15, 2019.

F5: Of the stock appreciation right shares subject to this SAR, 2,213 shares will vest on May 12, 2017, 2,213 shares will vest on May 12, 2018, 2,214 shares will vest on May 12, 2019 and 2,214 shares will vest on May 12, 2020.