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ZEBRA TECHNOLOGIES CORP Director's Dealing 2016

May 16, 2016

17736_dirs_2016-05-16_deca1dc9-1486-4f93-86c3-e26cd8918fcf.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: SMILEY MICHAEL C (Chief Financial Officer)

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 49817 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 41260 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $19.56 2019-05-07 Class A Common Stock (29122) 29122 Direct
Stock Appreciation Right $27.82 2020-05-06 Class A Common Stock (15100) 15100 Direct
Stock Appreciation Right $41.57 2021-05-05 Class A Common Stock (12516) 12516 Direct
Stock Appreciation Right $38.79 2022-04-30 Class A Common Stock (15572) 15572 Direct
Stock Appreciation Right $46.07 2023-05-03 Class A Common Stock (10499) 10499 Direct
Stock Appreciation Right $74.72 2024-05-08 Class A Common Stock (5848) 5848 Direct
Stock Appreciation Right $108.20 2025-05-15 Class A Common Stock (5434) 5434 Direct

Footnotes

F1: Restricted shares that will vest on May 12, 2019.

F2: Of the stock appreciation right shares subject to this SAR, 3,129 shares vested on May 5, 2012, 3,129 shares vested on May 5, 2013, 3,129 shares vested on May 5, 2014 and 3,129 shares vested on May 5, 2015.

F3: Of the stock appreciation right shares subject to this SAR, 3,775 shares vested on May 6, 2011, 3,775 shares vested on May 6, 2012, 3,775 shares vested on May 6, 2013 and 3,775 shares vested on May 6, 2014.

F4: Of the stock appreciation right shares subject to this SAR, 3,129 shares vested on May 5, 2012, 3,129 shares vested on May 5, 2013, 3,129 shares vested on May 5, 2014 and 3,129 shares vested on May 5, 2015.

F5: Of the stock appreciation right shares subject to this SAR, 3,893 shares vested on April 20, 2013, 3,893 shares vested on April 20, 2014, 3,893 shares vested on April 20, 2015 and 3,893 shares vest on April 20, 2016.

F6: Of the stock appreciation right shares subject to this SAR, 2,624 shares vested on May 3, 2014, 2,625 shares vested on May 3, 2015, 2,625 shares vest on May 3, 2016 and 2,625 shares vest on May 3, 2017.

F7: Of the stock appreciation right shares subject to this SAR, 1,462 shares vest on May 8, 2015, 1,462 shares vest on May 8,2016, 1,462 shares vest on May 8, 2017 and 1,462 shares vest on May 8, 2018.

F8: Of the stock appreciation right shares subject to this SAR, 1,358 shares vest on May 15, 2016, 1,358 shares vest on May 15, 2017, 1,359 shares vest on May 15, 2018 and 1,359 shares vest on May 15, 2019.

F9: 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.