ZEBRA TECHNOLOGIES CORP — Director's Dealing 2020

May 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2020-05-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-26	Class A Common Stock	S	5229	$254.92	Disposed	22266	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	27495	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (1215.0)	1215	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (1598.0)	1598	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (1801.0)	1801	Direct

Footnotes

F1: 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.

F2: Of the stock appreciation rights subject to this SAR, 798 vest on May 10, 2019, 798 vest on May 10, 2020, 799 vest on May 10, 2021 and 799 vest on May 10, 2022.

F3: Of the stock appreciation rights subject to this SAR, 600 vest on May 2, 2020, 600 vest on May 2, 2021, 600 vest on May 2, 2022 and 601 vest on May 2, 2023.