Sec Form 4 Filing - Gerskovich Philip @ ZEBRA TECHNOLOGIES CORP - 2014-08-14

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 Gerskovich Philip 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, New Growth Platforms (Last) (First) (Middle) C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500 3. Date of Earliest Transaction (MM/DD/YY) 08/14/2014 (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 23,874 D Class A Common Stock 08/14/2014 M 15,100 A $ 43.35 38,974 D Class A Common Stock 08/14/2014 S 15,100 D $ 75.01 23,874 D Class A Common Stock 08/14/2014 M 10,567 A $ 19.56 34,441 D Class A Common Stock 08/14/2014 S 10,567 D $ 75.08 23,874 D Class A Common Stock 08/14/2014 S 5,461 D $ 75.29 18,413 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 08/14/2014 M 15,100 ( 1 ) 02/06/2016 Class A Common Stock 15,100 $ 0 7,968 D Employee Stock Option $ 41.25 ( 2 ) 04/25/2017 Class A Common Stock 9,697 9,697 D Employee Stock Option $ 36.49 ( 3 ) 04/24/2018 Class A Common Stock 14,480 14,480 D Stock Appreciation Right $ 19.56 08/14/2014 M 14,302 ( 4 ) 05/07/2019 Class A Common Stock 14,302 $ 0 7,540 D Stock Appreciation Right $ 27.82 ( 5 ) 05/06/2020 Class A Common Stock 9,700 9,700 D Stock Appreciation Right $ 41.57 ( 6 ) 05/05/2021 Class A Common Stock 7,748 7,748 D Stock Appreciation Right $ 38.79 ( 7 ) 04/30/2022 Class A Common Stock 9,966 9,966 D Stock Appreciation Right $ 46.07 ( 8 ) 05/03/2023 Class A Common Stock 6,155 6,155 D Stock Appreciation Right $ 74.72 ( 9 ) 05/08/2024 Class A Common Stock 3,431 3,431 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Gerskovich Philip C/O ZEBRA TECHNOLOGIES CORPORATION 475 HALF DAY ROAD, SUITE 500 LINCOLNSHIRE, IL60069 SVP, New Growth Platforms Signatures /s/ Jim L. Kaput, attorney-in-fact 08/18/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Of the shares subject to such option, 3,460 vested on February 6, 2007, 4,036 vested on February 6, 2008, 4,613 vested on February 6, 2009, 5,191 vested on February 6, 2010 and 5,768 vested on February 6, 2011. ( 2 )Of the shares subject to such option, 2,424 vested on April 25, 2008, 2,424 vested on April 25, 2009, 2,424 vested on April 25, 2010 and 2,425 vested on April 25, 2011. ( 3 )Of the shares subject to such option, 3,620 vested on April 24, 2009, 3,620 vested on April 24, 2010, 3,620 vested on April 24, 2011 and 3,620 vested on April 24, 2012. ( 4 )Of the stock appreciation right shares subject to this SAR, 5,460 shares vested on May 7, 2010, 5,460 shares vested on May 7, 2011, 5,461 shares vested on May 7, 2012 and 5,461 shares vested on May 7, 2013. ( 5 )Of the stock appreciation right shares subject to this SAR, 2,425 shares vested on May 6, 2011, 2,425 shares vested on May 6, 2012, 2,425 shares vested on May 6, 2013 and 2,425 shares vested on May 6, 2014. ( 6 )Of the stock appreciation right shares subject to this SAR, 1,937 shares vested on May 5, 2012, 1,937 shares vested on May 5, 2013, 1,937 shares vested on May 5, 2014 and 1,937 shares vest on May 5, 2015. ( 7 )Of the stock appreciation right shares subject to this SAR, 2,491 shares vested on April 30, 2013, 2,491 vested on April 30, 2014, 2,492 vested on April 30, 2015 and 2,492 vest on April 30, 2016. ( 8 )Of the stock appreciation right shares subject to this SAR, 1,538 shares vested on May 3, 2014, 1,539 shares vest on May 3, 2015, 1,539 shares vest on May 3, 2016 and 1,539 shares vest on May 3, 2017. ( 9 )Of the stock appreciation right shares subject to this SAR, 857 shares vest on May 8, 2015, 858 vest on May 8, 2016, 858 vest on May 8, 2017 and 858 vest on May 8, 2018.

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

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