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: Cho Michael (SVP, Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-02	Class A Common Stock	F	96	$225.55	Disposed	8566	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	8662	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$51.42	2026-05-12	Class A Common Stock (1069.0)	1069	Direct
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (1509.0)	1509	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (1498.0)	1498	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (1559.0)	1559	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1448.0)	1448	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 1,069 vest on May 12, 2018, 1,069 vest on May 12, 2019 and 1,069 vest on May 12, 2020.

F2: Of the stock appreciation rights subject to this SAR, 754 vest on May 11, 2018, 754 vest on May 11, 2019, 754 vest on May 11, 2020 and 755 vest on May 11, 2021.

F3: Of the stock appreciation rights subject to this SAR, 499 vest on May 10, 2019, 499 vest on May 10, 2020, 499 vest on May 10, 2021 and 500 vest on May 10, 2022.

F4: Of the stock appreciation rights subject to this SAR, 389 vest on May 2, 2020, 390 vest on May 2, 2021, 390 vest on May 2, 2022 and 390 vest on May 2, 2023.

F5: Of the stock appreciation rights subject to this SAR, 362 vest on April 30, 2021, 362 vest on April 30, 2022, 362 vest on April 30, 2023 and 362 vest on April 30, 2024.