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ZEBRA TECHNOLOGIES CORP Director's Dealing 2016

May 16, 2016

17736_dirs_2016-05-16_f484a3b1-8302-4cc3-9cfd-f0c7144d7880.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Burns Bill (SVP, EVM)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-12 Class A Common Stock A 8557 $51.42 Acquired 12895 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-05-12 Stock Appreciation Right $51.42 A 11067 Acquired 2026-05-12 Class A Common Stock (11067) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 4338 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $112.95 2019-06-08 Class A Common Stock (5205) 5205 Direct

Footnotes

F1: Includes 36 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 appreciate right shares subject to this SAR, 1,301 shares vest on June 8, 2016, 1,301 shares vest on June 8, 2017, 1,301 shares vest on June 8, 2018 and 1,302 shares vest on June 8, 2019.

F4: Of the stock appreciation right shares subject to this SAR, 2,766 shares will vest on May 12, 2017, 2,767 shares will vest on May 12, 2018, 2,767 shares will vest on May 12, 2019 and 2,767 shares will vest on May 12, 2020.