SEC Form 4 · accession 0001201232-16-000013
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
Dec 12, 2016
Accepted (ET)
Dec 14, 2016 · 3:58 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 StockF2 | Dec 12, 2016 | M | 95,235 | $72.88 | A | 176,830 | D | |
| Motorola Solutions, Inc. - Common StockF3,F2 | Dec 12, 2016 | S | 95,235 | $82.3952 | D | 81,595 | D | |
| Motorola Solutions, Inc. - Common StockF4 | holding | — | — | — | 90,800 | I | By Trust | |
| Motorola Solutions, Inc. - Common StockF5 | holding | — | — | — | 81,000 | I | By Trust | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 2,220 | I | Held by wife | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 6,744 | I | 2014 Grantor Retained Annuity Trust, reporting person is Trustee | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 64,663 | I | 2015 Grantor Retained Annuity Trust, reporting person is Trustee | |
| Motorola Solutions, Inc. - Common Stock | holding | — | — | — | 55,607 | I | 2016 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 Options - Right to BuyF6,F7 | $72.88 | Dec 12, 2016 | M | 95,235 | D | — | Apr 5, 2017 | 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 November 11, 2016.
- F2Includes 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.
- F3$82.3952 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $81.96 to $82.71, inclusive. The Reporting Person understakes 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 this footnote.
- F4These shares are held in an irrevocable trust for the benefit of the reporting person's children. The reporting person is trustee of this trust.
- F5These 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.
- F6This option was originally reported as covering 400,000 shares in total at an exercise price of $17.59 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 occured on January 4, 2011.
- F7These options vested in four equal annual installments beginning on April 5, 2008.