Sec Form 4 Filing - NAUGHTON TODD R @ ZEBRA TECHNOLOGIES CORP - 2014-08-11

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 NAUGHTON TODD R 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) VP Finance (Last) (First) (Middle) C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500 3. Date of Earliest Transaction (MM/DD/YY) 08/11/2014 (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 11,348 D Class A Common Stock 08/11/2014 M 5,883 A $ 43.35 17,231 D Class A Common Stock 08/11/2014 S 5,883 D $ 74.4 11,348 D Class A Common Stock 08/11/2014 M 7,749 A $ 51.62 19,097 D Class A Common Stock 08/11/2014 S 7,749 D $ 74.4 11,348 D Class A Common Stock 08/11/2014 M 2,505 A $ 41.25 13,853 D Class A Common Stock 08/11/2014 S 2,505 D $ 74.4 11,348 D Class A Common Stock 08/11/2014 M 1,755 A $ 27.82 13,103 D Class A Common Stock 08/11/2014 S 1,755 D $ 74.46 11,348 D Class A Common Stock 08/11/2014 M 791 A $ 41.57 12,139 D Class A Common Stock 08/11/2014 S 791 D $ 74.46 11,348 D Class A Common Stock 08/11/2014 M 657 A $ 38.79 12,005 D Class A Common Stock 08/11/2014 S 657 D $ 74.46 11,348 D Class A Common Stock 08/11/2014 M 172 A $ 46.07 11,520 D Class A Common Stock 08/11/2014 S 172 D $ 74.46 11,348 D Class A Common Stock 08/12/2014 M 4,768 A $ 41.25 16,116 D Class A Common Stock 08/12/2014 S 4,768 D $ 74.53 11,348 D Class A Common Stock 08/11/2014 S 966 D $ 74.57 10,382 D Class A Common Stock 08/11/2014 S 450 D $ 74.44 9,932 D Class A Common Stock 08/11/2014 S 7,231 D $ 74.33 2,701 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 Employee Stock Option $ 43.35 08/11/2014 M 5,883 ( 2 ) 02/06/2016 Class A Common Stock 5,883 $ 0 0 D Employee Stock Option $ 51.62 08/11/2014 M 7,749 ( 1 ) 02/07/2015 Class A Common Stock 7,749 $ 0 0 D Employee Stock Option $ 41.25 08/11/2014 M 2,505 ( 3 ) 04/25/2017 Class A Common Stock 2,505 $ 0 4,768 D Stock Appreciation Right $ 27.82 08/11/2014 M 2,800 ( 4 ) 05/06/2020 Class A Common Stock 2,800 $ 0 0 D Stock Appreciation Right $ 41.57 08/11/2014 M 1,788 ( 5 ) 05/05/2021 Class A Common Stock 1,788 $ 0 596 D Stock Appreciation Right $ 38.79 08/11/2014 M 1,370 ( 6 ) 04/30/2022 Class A Common Stock 1,370 $ 0 1,371 D Stock Appreciation Right $ 46.07 08/11/2014 M 452 ( 7 ) 05/03/2023 Class A Common Stock 452 $ 0 1,359 D Stock Appreciation Right $ 74.72 ( 8 ) 05/08/2024 Class A Common Stock 975 975 D Employee Stock Option $ 41.25 08/12/2014 M 4,768 ( 3 ) 04/25/2017 Class A Common Stock 4,768 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other NAUGHTON TODD R C/O ZEBRA TECHNOLOGIES CORPORATION 475 HALF DAY ROAD, SUITE 500 LINCOLNSHIRE, IL60069 VP Finance Signatures /s/ Jim L Kaput, attorney-in-fact 08/13/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Of the shares subject to such option, 1,162 vested on February 7, 2006, 1,356 vested on February 7, 2007, 1,549 vested on February 7, 2008, 1,744 vested on February 7, 2009 and 1,938 vested on February 7, 2010. ( 2 )Of the shares subject to such option, 882 vested on February 6, 2007, 1,029 vested on February 6, 2008, 1,177 vested on February 6, 2009, 1,324 vested on February 6, 2010 and 1,471 vested on February 6, 2011. ( 3 )Of the shares subject to such option, 1,818 vested on April 25, 2008, 1,818 vested on April 25, 2009, 1,818 vested on April 25, 2010 and 1,819 vested on April 25, 2011. ( 4 )Of the stock appreciation right shares subject to this SAR, 700 shares vested on May 6, 2011, 700 shares vested on May 6, 2012, 700 shares vested on May 6, 2013 and 700 shares vested on May 6, 2014. ( 5 )Of the stock appreciation right shares subject to this SAR, 596 shares vested on May 5, 2012, 596 shares vested on May 5, 2013, 596 shares vested on May 5, 2014, and 596 shares vest on May 5, 2015. ( 6 )Of the stock appreciation right shares subject to this SAR, 685 shares vested on April 30, 2013, 685 vested on April 30, 2014, 685 vest on April 30, 2015 and 686 vest on April 30, 2016. ( 7 )Of the stock appreciation right shares subject to this SAR, 452 shares vested on May 3, 2014, 453 shares vest on May 3, 2015, 453 shares vest on May 3, 2016 and 453 shares vest on May 3, 2017. ( 8 )Of the stock appreciation right shares subject to this SAR, 243 shares vest on May 8, 2015, 244 vest on May 8, 2016, 244 vest on May 8, 2017 and 244 vest on May 8, 2018.

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