ZEBRA TECHNOLOGIES CORP — Director's Dealing 2020

May 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2020-05-02

Reporting Person: LEONETTI OLIVIER (SVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-02	Class A Common Stock	F	432	$225.55	Disposed	22319	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	22751	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$72.95	2026-10-31	Class A Common Stock (1773.0)	1773	Direct
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (4190.0)	4190	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (4728.0)	4728	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (4676.0)	4676	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (4606.0)	4606	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: Of the stock appreciation rights subject to this SAR, 1,169 vest on May 2, 2020, 1,169 vest on May 2, 2021, 1,169 vest on May 2, 2022 and 1,169 vest on May 2, 2023.

F5: Of the stock appreciation rights subject to this SAR, 1,151 vest on April 30, 2021, 1,151 vest on April 30, 2022, 1,152 vest on April 30, 2023 and 1,152 vest on April 30, 2024.