ZEBRA TECHNOLOGIES CORP — Director's Dealing 2018

May 11, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2018-05-10

Reporting Person: TERZICH MICHAEL H (SVP, Chief Administration Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-10	Class A Common Stock	M	2442	$74.72	Acquired	36797	Direct
2018-05-10	Class A Common Stock	S	2442	$152.38	Disposed	34355	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-10	Stock Appreciation Right	$74.72	M	4796	Disposed	2024-05-08	Class A Common Stock (4796)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	34355	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$108.20	2025-05-15	Class A Common Stock (3668)	3668	Direct
Stock Appreciation Right	$51.42	2026-05-12	Class A Common Stock (7295)	7295	Direct
Stock Appreciation Right	$98.87	2027-05-11	Class A Common Stock (4860)	4860	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 1,199 vest on May 8, 2015, 1,199 vest on May 8, 2016, 1,199 vest on May 8, 2017 and 1,199 vest on May 8, 2018.

F2: Of the stock appreciation rights subject to this SAR, 917 vest on May 15, 2016, 917 vest on May 15, 2017, 917 vest on May 15, 2018 and 917 vest on May 15, 2019.

F3: Of the stock appreciation rights subject to this SAR, 1,823 vest on May 12, 2017, 1,824 vest on May 12, 2018, 1,824 vest on May 12, 2019 and 1,824 vest on May 12, 2020.

F4: Of the stock appreciation rights subject to this SAR, 1,215 vest on May 11, 2018, 1,215 vest on May 11, 2019, 1,215 vest on May 11, 2020 and 1,215 vest on May 11, 2021.