SEC Form 4 · accession 0001201232-15-000001
Motorola Solutions, Inc. · MSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Q Brown
Officer — Chairman and CEO · Director
Period of report
Feb 9, 2015
Accepted (ET)
Feb 11, 2015 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000068505
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Motorola Solutions, Inc. - Common StockF5 | Feb 9, 2015 | M | 95,235 | $64.98 | A | 209,955 | D | |
| Motorola Solutions, Inc. - Common StockF2,F5 | Feb 9, 2015 | S | 76,149 | $67.6464 | D | 133,806 | D | |
| Motorola Solutions, Inc. - Common StockF3,F5 | Feb 9, 2015 | S | 10,600 | $68.4558 | D | 123,206 | D | |
| Motorola Solutions, Inc. - Common StockF4,F5 | Feb 9, 2015 | S | 8,486 | $69.7024 | D | 114,720 | D | |
| Motorola Solutions, Inc. - Common StockF6 | holding | — | — | — | 81,000 | I | By Trust | |
| Motorola Solutons, Inc. - Common StockF7 | holding | — | — | — | 78,780 | I | By Trust | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 2,220 | I | Held by wife | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 116,133 | I | 2013 Grantor Retained Annuity Trust, reporting person is Trustee | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 165,968 | I | 2014 Grantor Retained Annuity Trust, reporting person is Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F8,F9 | $64.98 | Feb 9, 2015 | M | 95,235 | D | — | May 3, 2015 | Motorola Solutions, Inc. - Common Stock | 95,235 | 0 | D |
Explanation of responses
- F1The exercise of options and sale of shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2014.
- F2$67.6464 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $67.045 to $67.995, inclusive. 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 within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.
- F3$68.4558 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $68.00 to $68.83, inclusive.
- F4$69.7024 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $69.06 to $70.00, inclusive.
- F5Includes shares acquired through the reinvestment of dividends and dividend equivalent rights credited to the reporting person when and as dividends were paid on Motorola Solutions, Inc. common stock.
- F6These 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.
- F7These shares are held in an irrevocable trust for the benefit of the reporting person's children. The reporting person is trustee of this trust.
- F8This option was originally reported as covering 400,000 shares in total at an exercise price of $15.47 per share, but was adjusted to reflect the dividend of all outstanding shares of Motorola Mobility Holdings, Inc. to shareholders and the 1-for-7 reverse stock split that occurred on January 4, 2011.
- F9These options vested in four equal annual installments beginning on May 3, 2006.