ZEBRA TECHNOLOGIES CORP — Director's Dealing 2018

May 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2018-05-15

Reporting Person: KAPUT JIM L (SVP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-15	Class A Common Stock	F	1167	$154.45	Disposed	24347	Direct
2018-05-15	Class A Common Stock	F	1080	$154.45	Disposed	23267	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	25514	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$74.72	2024-05-08	Class A Common Stock (4406)	4406	Direct
Stock Appreciation Right	$108.20	2025-05-15	Class A Common Stock (3587)	3587	Direct
Stock Appreciation Right	$51.42	2026-05-12	Class A Common Stock (7395)	7395	Direct
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (5162)	5162	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (3362)	3362	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 1,101 vest on May 8, 2015, 1,101 vest on May 8, 2016, 1,102 vest on May 8, 2017 and 1,102 vest on May 8, 2018.

F2: Of the stock appreciation rights subject to this SAR, 896 vest on May 15, 2016, 897 vest on May 15, 2017, 897 vest on May 15, 2018 and 897 vest on May 15, 2019.

F3: Of the stock appreciation rights subject to this SAR, 1,848 vest on May 12, 2017, 1,849 vest on May 12, 2018, 1,849 vest on May 12, 2019 and 1,849 vest on May 12, 2020.

F4: Of the stock appreciation rights subject to this SAR, 1,290 vest on May 11, 2018, 1,290 vest on May 11, 2019, 1,291 vest on May 11, 2020 and 1,291 vest on May 11, 2021.

F5: Of the stock appreciation rights subject to this SAR, 840 vest on May 10, 2019, 840 vest on May 10, 2020, 841 vest on May 10, 2021 and 841 vest on May 10, 2022.