ZEBRA TECHNOLOGIES CORP — Director's Dealing 2020

May 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2020-05-10

Reporting Person: Schmitz Jeffrey F (SVP, Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-10	Class A Common Stock	F	212	$242.92	Disposed	8851	Direct
2020-05-11	Class A Common Stock	F	933	$235.26	Disposed	7918	Direct
2020-05-11	Class A Common Stock	F	672	$235.26	Disposed	7246	Direct
2020-05-11	Class A Common Stock	F	1007	$235.26	Disposed	6239	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9063	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (1744.0)	1744	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (1687.0)	1687	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (1746.0)	1746	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1573.0)	1573	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 871 vest on May 11, 2018, 871 vest on May 11, 2019, 872 vest on May 11, 2020 and 872 vest on May 11, 2021.

F2: Of the stock appreciation rights subject to this SAR, 562 vest on May 10, 2019, 562 vest on May 10, 2020, 562 vest on May 10, 2021 and 563 vest on May 10, 2022.

F3: Of the stock appreciation rights subject to this SAR, 436 vest on May 2, 2020, 436 vest on May 2, 2021, 437 vest on May 2, 2022 and 437 vest on May 2, 2023.

F4: Of the stock appreciation rights subject to this SAR, 393 vest on April 30, 2021, 393 vest on April 30, 2022, 393 vest on April 30, 2023 and 394 vest on April 30, 2024.