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ZEBRA TECHNOLOGIES CORP Director's Dealing 2017

May 16, 2017

17736_dirs_2017-05-15_9bd77e47-6d63-4cab-a107-4f7ce5adb2a4.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: 2017-05-11

Reporting Person: Burns Bill (SVP, EVM)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-05-11 Class A Common Stock A 4653 $98.87 Acquired 17770 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-05-11 Stock Appreciation Right $98.87 A 7709 Acquired 2027-05-11 Class A Common Stock (7709) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 13117 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
Stock Appreciation Right $51.42 2026-05-12 Class A Common Stock (11067) 11067 Direct

Footnotes

F1: Includes 258 shares held in Zebra's Employee Stock Purchase Plan at December 31, 2016.

F2: Restricted shares vest on May 11, 2020.

F3: Of the stock appreciation rights subject to this SAR, 1,301 vested on June 8, 2016, 1,301 vest on June 8, 2017, 1,301 vest on June 8, 2018 and 1,302 vest on June 8, 2019.

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

F5: Of the stock appreciation rights subject to this SAR, 1,927 vest on May 11, 2018, 1,927 vest on May 11, 2019, 1,927 vest on May 11, 2020 and 1,928 vest on May 11, 2021.