ZEBRA TECHNOLOGIES CORP — Director's Dealing 2018

Feb 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2018-02-08

Reporting Person: Burns Bill (SVP, EVM)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-08	Class A Common Stock	A	3830	$0.00	Acquired	21796	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	17770	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
Stock Appreciation Right	$98.87	2027-05-11	Class A Common Stock (7709)	7709	Direct

Footnotes

F1: Previously unreportable performance based restricted stock granted May 15, 2015 with a 3-year performance period ended December 31, 2017. Converted to restricted shares as of February 8, 2018 performance certification with May 15, 2018 vesting date.

F2: Includes 454 shares held in Zebra's Employee Stock Purchase Plan at December 31, 2017.

F3: Of the stock appreciation rights subject to this SAR, 1,301 vest 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 vest 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.