SEC Form 4 · accession 0001201232-15-000007
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
Aug 25, 2015
Accepted (ET)
Aug 26, 2015 · 10:55 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000068505
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Contingent Stock OptionF1 | $68.50 | Aug 25, 2015 | A | 787,498 | A | Aug 25, 2018 | Aug 25, 2022 | Motorola Solutions, Inc. - Common Stock | 787,498 | 787,498 | D |
Explanation of responses
- F1The performance contingent stock options ("PCSOs") vest upon the attainment, within the 3-year period following the grant date, of each stock price requirement as follows: (a) 20% vests when the Company closing stock price is at least $85.00 for ten consecutive trading days; (b) 30% vests when the Company closing stock price is at least $102.50 for ten consecutive trading days; and (c) 50% vests when the Company closing stock price is at least $120.00 for ten consecutive trading days. The portion(s) of the option that has/have vested in accordance with the preceding sentence will be exercisable beginning the third anniversary of the grant date.