Sec Form 4 Filing - BROWN GREGORY Q @ Motorola Solutions, Inc. - 2022-03-07

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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
BROWN GREGORY Q
2. Issuer Name and Ticker or Trading Symbol
Motorola Solutions, Inc. [ MSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last) (First) (Middle)
MOTOROLA SOLUTIONS, INC., 500 WEST MONROE ST.
3. Date of Earliest Transaction (MM/DD/YY)
03/07/2022
(Street)
CHICAGO, IL60661
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
Motorola Solutions, Inc. - Common Stock 03/07/2022 F( 1 ) 14,104 D $ 216.51 72,874.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 M( 3 ) 100,000 A $ 68.5 172,874.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 S( 3 ) 1,619 D $ 222.2385( 4 ) 171,255.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 S( 3 ) 2,753 D $ 219.8714( 5 ) 168,502.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 S( 3 ) 35,721 D $ 219.0584( 6 ) 132,781.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 S( 3 ) 18,817 D $ 218.1613( 7 ) 113,964.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 S( 3 ) 23,766 D $ 216.9684( 8 ) 90,198.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/07/2022 S( 3 ) 17,324 D $ 216.5015( 9 ) 72,874.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 M 10,825 A $ 0( 10 ) 83,699.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 F 4,796 D $ 214.13 78,903.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 M( 3 ) 18,269 A $ 68.5 97,172.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 S( 3 ) 6,176 D $ 216.3324( 11 ) 90,996.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 S( 3 ) 9,477 D $ 215.5891( 12 ) 81,519.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 S( 3 ) 2,030 D $ 214.4455( 13 ) 79,489.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 03/08/2022 S( 3 ) 586 D $ 213.6759( 14 ) 78,903.4095( 2 ) D
Motorola Solutions, Inc. - Common Stock 2,220 I Held by wife
Motorola Solutions, Inc. - Common Stock 81,000( 15 ) I By Trust
Motorola Solutions, Inc. - Common Stock 78,780( 16 ) I By Trust
Motorola Solutions, Inc. - Common Stock 30,373( 17 ) I By Trust
Motorola Solutions, Inc. - Common Stock 28,172( 18 ) I By Trust
Motorola Solutions, Inc. - Common Stock 59,694 I 2020-1 Grantor Retained Annuity Trust, reporting person is the Trustee
Motorola Solutions, Inc. - Common Stock 13,557 I 2020-6 Grantor Retained Annuity Trust, reporting person is the Trustee
Motorola Solutions, Inc. - Common Stock 18,523 I 2020-7 Grantor Retained Annuity Trust, reporting person is the Trustee
Motorola Solutions, Inc. - Common Stock 94,663 I 2021 Grantor Retained Annuity Trust, reporting person is the Trustee
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
Performance Contingent Stock Options - Right to Buy $ 68.5 03/07/2022 M( 3 ) 100,000 ( 19 ) 08/25/2022 Motorola Solutions, Inc. - Common Stock 100,000 $ 0 587,498 D
Market Stock Units ( 20 ) 03/08/2022 M 8,873( 21 ) ( 21 ) ( 21 ) Motorola Solutions, Inc. - Common Stock 8,873 $ 0 17,745 D
Performance Contingent Stock Options - Right to Buy $ 68.5 03/08/2022 M( 3 ) 18,269 ( 19 ) 08/25/2022 Motorola Solutions, Inc. - Common Stock 18,269 $ 0 569,229 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BROWN GREGORY Q
MOTOROLA SOLUTIONS, INC.
500 WEST MONROE ST.
CHICAGO, IL60661
X Chairman and CEO
Signatures
Lauren E. Henderson, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney Attached) 03/09/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 7, 2022 per the award terms) of performance stock units, which were determined to be earned on February 15, 2022 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 17, 2022.
( 2 )Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
( 3 )The exercise and sale of options reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 14, 2021.
( 4 )$222.2385 is the weighted average sales price. Prices for this transaction ranged from $221.63 to $222.43. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 5 )$219.8714 is the weighted average sales price. Prices for this transaction ranged from $219.56 to $220.52. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 6 )$219.0584 is the weighted average sales price. Prices for this transaction ranged from $218.55 to $219.535. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 7 )$218.1613 is the weighted average sales price. Prices for this transaction ranged from $217.57 to $218.54. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 8 )$216.9684 is the weighted average sales price. Prices for this transaction ranged from $216.56 to $217.54. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 9 )$216.5015 is the weighted average sales price. Prices for this transaction ranged from $216.27 to $216.555. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 10 )Represents the vesting (8,873) and payout (10,825) of the first tranche (1/3) of the market stock units ("MSUs") granted on March 8, 2021 at 122% payout factor and such payment includes 1,952 shares which were above the target number of shares originally reported.
( 11 )$216.3324 is the weighted average sales price. Prices for this transaction ranged from $215.95 to $216.93. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 12 )$215.5891 is the weighted average sales price. Prices for this transaction ranged from $214.93 to $215.91. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 13 )$214.4455 is the weighted average sales price. Prices for this transaction ranged from $213.915 to $214.875. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 14 )$213.6759 is the weighted average sales price. Prices for this transaction ranged from $213.37 to $213.8925. The reporting person undertakes to provide upon request b y the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 15 )These shares are held in an irrevocable trust for the benefit of the reporting person's wife and children. The reporting person's wife is trustee of this trust.
( 16 )These shares are held in a family trust for the benefit of the reporting person's children. The reporting person's child is trustee of this trust.
( 17 )These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust.
( 18 )These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust.
( 19 )These Performance Contingent Stock Options ("PCSOs") vested upon the attainment of each stock price hurdle as follows: 20% vested when the Company closing stock price was $85.00 for ten consecutive trading days (which was met on June 30, 2017); 30% vested when the Company closing stock price was $102.50 for ten consecutive trading days (which was met on February 28, 2018); and 50% vested when the Company closing stock price was $120.00 for ten consecutive trading days (which was met on July 24, 2018). The PCSOs became exercisable on the third anniversary of the date of grant.
( 20 )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.
( 21 )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 MSU will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant.

Remarks:
Exhibit 24 - Power of Attorney - CE

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