Rajan Naik - Mar 22, 2022 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Role: SVP, Strategy & Ventures
Signature: Lauren E. Henderson, on behalf of Rajan S. Naik, Senior Vice President, Strategy & Ventures (Power of Attorney on File)
Stock symbol: MSI
Transactions as of: Mar 22, 2022
Transactions value $: -$159,910
Form type: 4
Date filed: 3/24/2022, 04:18 PM
Previous filing: Mar 14, 2022
Next filing: Jun 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Options Exercise	$0	+1.53K	+16.55%	$0.00	10.7K	Mar 22, 2022	Direct	F1
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Tax liability	-$160K	-689	-6.41%	$232.09	10.1K	Mar 22, 2022	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
transaction	MSI	Market Stock Units	Options Exercise	$0	-966	-100%	$0.00^*	0	Mar 22, 2022	Motorola Solutions, Inc. - Common Stock	966		Direct	F2, F3
transaction	MSI	Performance Options	Award	$0	+15.2K		$0.00	15.2K	Mar 22, 2022	Motorola Solutions, Inc. - Common Stock	15.2K	$138.64	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents the vesting (966) and payout (1,526) of the third tranche (1/3) of the market stock units (MSU) granted on March 22, 2019 at 158% payout factor and such payment includes 560 shares which were above the target number of shares originally reported.
F2	Each market stock unit ("MSU") converts into shares of common stock on a 1-for-1 basis but the number of MSUs earned varies from 0% to 200% of the target number of MSUs based on the average of the closing price of the Company's common stock on the date of grant and the thirty calendar days immediately preceding the date of grant (referred to as Share Price on Date of Grant) as compared to the closing share price of the Company's common stock on the vesting date and the thirty calendar days immediately preceding the vesting date (referred to as Share Price on Vesting Date). The target number of MSUs is reported in this Report.
F3	One third of the MSU award will vest on each of the first, second and third anniversaries of the date of grant and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant.
F4	Represents the vesting of performance based stock options granted to the reporting person on March 22, 2019 that were eligible to vest on the third anniversary date of the grant or March 22, 2022 based on the satisfaction of certain financial performance objectives. On March 22, 2022, the Company determined that, based on the Company's performance over the applicable performance period, 15,167 options would vest.