Sec Form 4 Filing - GAGNIER HUGH K @ ZEBRA TECHNOLOGIES CORP - 2017-08-15

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person GAGNIER HUGH K 2. Issuer Name and Ticker or Trading Symbol ZEBRA TECHNOLOGIES CORP [ ZBRA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP, AIT (Last) (First) (Middle) C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT 3. Date of Earliest Transaction (MM/DD/YY) 08/15/2017 (Street) LINCOLNSHIRE, IL60069 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 39,072 D Class A Common Stock 08/15/2017 M 2,955 A $ 41.57 42,027 D Class A Common Stock 08/15/2017 S 2,955 D $ 106.42 39,072 D Class A Common Stock 08/15/2017 M 9,865 A $ 38.79 48,937 D Class A Common Stock 08/15/2017 S 9,865 D $ 106.42 39,072 D Class A Common Stock 08/15/2017 M 5,520 A $ 46.07 44,592 D Class A Common Stock 08/15/2017 S 5,520 D $ 106.42 39,072 D Class A Common Stock 08/15/2017 M 1,204 A $ 74.72 40,276 D Class A Common Stock 08/15/2017 S 1,204 D $ 106.42 39,072 D Class A Common Stock 08/15/2017 M 1,138 A $ 51.42 40,210 D Class A Common Stock 08/15/2017 S 1,138 D $ 106.42 39,072 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Appreciation Right $ 41.57 08/15/2017 M 4,867 ( 1 ) 05/05/2021 Class A Common Stock 4,687 $ 0 0 D Stock Appreciation Right $ 38.79 08/15/2017 M 15,572 ( 2 ) 04/30/2022 Class A Common Stock 15,572 $ 0 0 D Stock Appreciation Right $ 46.07 08/15/2017 M 9,775 ( 3 ) 05/03/2023 Class A Common Stock 9,775 $ 0 0 D Stock Appreciation Right $ 74.72 08/15/2017 M 4,093 ( 4 ) 05/08/2024 Class A Common Stock 4,093 $ 0 1,365 D Stock Appreciation Right $ 108.2 ( 5 ) 05/15/2025 Class A Common Stock 4,619 4,619 D Stock Appreciation Right $ 51.42 08/15/2017 M 2,213 ( 6 ) 05/12/2026 Class A Common Stock 2,213 $ 0 6,641 D Stock Appreciation Right $ 98.87 ( 7 ) 05/11/2027 Class A Common Stock 5,932 5,932 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GAGNIER HUGH K C/O ZEBRA TECHNOLOGIES CORPORATION 3 OVERLOOK POINT LINCOLNSHIRE, IL60069 SVP, AIT Signatures /s/ Jim L Kaput, Attorney-in-fact 08/17/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Of the stock appreciation rights subject to this SAR, 1,558 vested on May 5, 2014 and 3,129 vested on May 5, 2015. ( 2 )Of the stock appreciation rights subject to this SAR, 3,893 vested on each of April 20, 2013, April 20, 2014, April 20, 2015 and April 20, 2016. ( 3 )Of the stock appreciation rights subject to this SAR, 2,443 vested on May 3, 2014, 2,444 vested on May 3, 2015, 2,444 vested on May 3, 2016 and 2,444 vested on May 3, 2017. ( 4 )Of the stock appreciation rights subject to this SAR, 1,364 vested on May 8, 2015, 1,364 vested on May 8, 2016, 1,365 vested on May 8, 2017 and 1,365 vest on May 8, 2018. ( 5 )Of the stock appreciation rights subject to this SAR, 1,154 vested on May 15, 2016, 1,155 vested on May 15, 2017, 1,155 vest on May 15, 2018 and 1,155 vest on May 15, 2019. ( 6 )Of the stock appreciation rights subject to this SAR, 2,213 vested 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. ( 7 )Of the stock appreciation rights subject to this SAR, 1,483 vest on May 11, 2018, 1,483 vest on May 11, 2019, 1,483 vest on May 11, 2020 and 1,483 vest on May 11, 2021.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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