ZEBRA TECHNOLOGIES CORP — Director's Dealing 2018

May 14, 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: LEONETTI OLIVIER (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-10	Class A Common Stock	A	4012	$149.57	Acquired	14554	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-10	Stock Appreciation Right	$149.57	A	6304	Acquired	2025-05-10	Class A Common Stock (6304)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10542	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$72.95	2026-10-31	Class A Common Stock (7092)	7092	Direct
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (8379)	8379	Direct

Footnotes

F1: Of the restricted shares subject to this award, 1,337 vest on May 10, 2019, 1,337 vest on May 10, 2020 and 1,338 vest on May 10, 2021.

F2: Of the stock appreciation rights subject to this SAR, 1,773 vest on October 31, 2017, 1,773 vest on October 31, 2018, 1,773 vest on October 31, 2019 and 1,773 vest on October 31, 2020.

F3: Of the stock appreciation rights subject to this SAR, 2,094 vest on May 11, 2018, 2,095 vest on May 11, 2019, 2,095 vest on May 11, 2020 and 2,095 vest on May 11, 2021.

F4: Of the stock appreciation rights subject to this SAR, 1,576 vest on May 10, 2019, 1,576 vest on May 10, 2020, 1,576 vest on May 10, 2021 and 1576 vest on May 10, 2022.