SEC Form 4 · accession 0001201232-17-000002

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

Mar 9, 2017

Accepted (ET)

Mar 13, 2017 · 8:45 pm EDT

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 Stock^F1,F2	Mar 9, 2017	M	14,810	$0.00	A	96,724	D
Motorola Solutions, Inc. - Common Stock^F2	Mar 9, 2017	F	6,769	$81.37	D	89,955	D
Motorola Solutions, Inc. - Common Stock^F3,F2	Mar 10, 2017	M	12,323	$0.00	A	102,278	D
Motorola Solutions, Inc. - Common Stock^F2	Mar 10, 2017	F	5,632	$82.10	D	96,646	D
Motorola Solutions, Inc. - Common Stock^F2	Mar 10, 2017	F	4,491	$82.10	D	92,155	D
Motorola Solutions, Inc. - Common Stock^F4	holding	—	—		—	97,544	I	By Trust
Motorola Solutions, Inc. - Common Stock^F5	holding	—	—		—	81,000	I	By Trust
Motorola Solutions, Inc. - Common Stock	holding	—	—		—	2,220	I	Held by wife
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
Market Stock Units^F6,F7	—	Mar 9, 2017	A	37,905	A	—	—	Motorola Solutions, Inc. - Common Stock	37,905	37,905	D
Market Stock Units^F7,F6	—	Mar 9, 2017	M	12,768	D	—	—	Motorola Solutions, Inc. - Common Stock	12,768	12,767	D
Market Stock Units^F7,F6	—	Mar 10, 2017	M	10,624	D	—	—	Motorola Solutions, Inc. - Common Stock	10,624	21,248	D

Explanation of responses

F1Represents the vesting (12,768) and payout (14,810) of the second tranche (1/3) of the market stock units (MSU) granted on March 9, 2015 at 116% payout factor and such payout includes 2,042 shares which were above the target number of shares originally reported.
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.
F3Represents the vesting (10,624) and payout (12,323) of the first tranche (1/3) of the market stock units (MSU) granted on March 10, 2016 at 116% payout factor and such payout includes 1,699 shares which were above the target number of shares originally reported.
F4These shares are held in an irrevocable trust for the benefit of the reporting persons chidren. 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.
F6Each market stock unit (MSU) converts into shares of common stock on a 1-for-1 basis but the number of MSUs earned varies from 0% to 200% of the target number of MSUs based on the average of the closing price of the Company's common stock on the date of grant and the thirty calendar days immediately preceding the date of grant (referred to as Share Price on Date of Grant) as compared to the closing share price of the Company's common stock on the vesting date and the thirty calendar days immediately preceding the vesting date (referred to as Share Price on Vesting Date).
F7One third of the MSU award will vest on each of the first, second and third anniversaries of the date of grant and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant.