Joachim Heel - 10 May 2021 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Revenue Officer
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Issuer symbol: ZBRA
Transactions as of: 10 May 2021
Net transactions value: -$1,370,317
Form type: 4
Filing time: 12 May 2021, 10:28:05 UTC
Previous filing: 10 May 2021
Next filing: 03 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Tax liability	$214,430	-443	-1.2%	$484.04	35,306	10 May 2021	Direct
transaction	ZBRA	Class A Common Stock	Tax liability	$1,155,888	-2,388	-6.8%	$484.04	32,918	10 May 2021	Direct
holding	ZBRA	Class A Common Stock						35,749	10 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ZBRA	Stock Appreciation Right						8,572	10 May 2021	Class A Common Stock	8,572	$73.50	Direct	F1
holding	ZBRA	Stock Appreciation Right						4,526	10 May 2021	Class A Common Stock	4,526	$108.20	Direct	F2
holding	ZBRA	Stock Appreciation Right						8,854	10 May 2021	Class A Common Stock	8,854	$51.42	Direct	F3
holding	ZBRA	Stock Appreciation Right						6,033	10 May 2021	Class A Common Stock	6,033	$98.87	Direct	F4
holding	ZBRA	Stock Appreciation Right						4,203	10 May 2021	Class A Common Stock	4,203	$149.57	Direct	F5
holding	ZBRA	Stock Appreciation Right						3,273	10 May 2021	Class A Common Stock	3,273	$205.12	Direct	F6
holding	ZBRA	Stock Appreciation Right						3,146	10 May 2021	Class A Common Stock	3,146	$244.97	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Of the stock appreciation rights subject to this SAR, 2,143 vest on September 15, 2015, 2,143 vest on September 15, 2016, 2,143 vest on September 15, 2017 and 2,143 vest on September 15, 2018.
F2	Of the stock appreciation rights subject to this SAR, 1,131 vest on May 15, 2016, 1,131 vest on May 15, 2017, 1,132 vest on May 15, 2018 and 1,132 vest on May 15, 2019.
F3	Of the stock appreciation rights subject to this SAR, 2,213 vest on May 12, 2017, 2,213 vest on May 12, 2018, 2,214 vest on May 12, 2019 and 2,214 vest on May 12, 2020.
F4	Of the stock appreciation rights subject to this SAR, 1,508 vest on May 11, 2018, 1,508 vest on May 11, 2019, 1,508 vest on May 11, 2020 and 1,509 vest on May 11, 2021.
F5	Of the stock appreciation rights subject to this SAR, 1,050 vest on May 10, 2019, 1,051 vest on May 10, 2020, 1,051 vest on May 10, 2021 and 1051 vest on May 10, 2022.
F6	Of the stock appreciation rights subject to this SAR, 818 vest on May 2, 2020, 818 vest on May 2, 2021, 818 vest on May 2, 2022 and 819 vest on May 2, 2023.
F7	Of the stock appreciation rights subject to this SAR, 786 vest on April 30, 2021, 786 vest on April 30, 2022, 787 vest on April 30, 2023 and 787 vest on April 30, 2024.