SEC Form 4 · accession 0001508118-17-000004
Motorola Solutions, Inc. · MSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eduardo F Conrado
Officer — EVP, Strategy & IO
Period of report
Dec 4, 2017
Accepted (ET)
Dec 6, 2017 · 7:14 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 Stock | Dec 4, 2017 | M | 31,038 | $38.04 | A | 51,346 | D | |
| Motorola Solutions, Inc. - Common Stock | Dec 4, 2017 | M | 21,171 | $45.36 | A | 72,517 | D | |
| Motorola Solutions, Inc. - Common StockF1,F3 | Dec 4, 2017 | S | 52,209 | $93.7326 | D | 20,308 | D | |
| Motorola Solutions, Inc. - Common StockF2,F3 | Dec 4, 2017 | S | 2,304 | $93.7682 | D | 18,004 | D | |
| Motorola Solutions, Inc. - Common Stock | Dec 5, 2017 | M | 21,317 | $51.33 | A | 39,321 | D | |
| Motorola Solutions, Inc. - Common StockF4,F3 | Dec 5, 2017 | S | 3,717 | $93.1875 | D | 35,604 | D | |
| Motorola Solutions, Inc. - Common StockF5,F3 | Dec 5, 2017 | S | 4,400 | $92.1375 | D | 31,204 | D | |
| Motorola Solutions, Inc. - Common StockF6,F3 | Dec 5, 2017 | S | 13,200 | $90.8935 | D | 18,004 | D |
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 BuyF7 | $38.04 | Dec 4, 2017 | M | 31,038 | D | — | Feb 22, 2021 | Motorola Solutions, Inc. - Common Stock | 31,038 | 0 | D |
| Employee Stock Option - Right to BuyF8 | $45.36 | Dec 4, 2017 | M | 21,171 | D | — | Jul 25, 2021 | Motorola Solutions, Inc. - Common Stock | 21,171 | 0 | D |
| Employee Stock Option - Right to BuyF9 | $51.33 | Dec 5, 2017 | M | 21,317 | D | — | May 2, 2022 | Motorola Solutions, Inc. - Common Stock | 21,317 | 0 | D |
Explanation of responses
- F1$93.7326 is the weighted average sales price. Prices for this transaction ranged from $93.94 to $93.63. 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.
- F2$93.7682 is the weighted average sales price. Prices for this transaction ranged from from $93.7719 to $93.7601. 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.
- F3Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
- F4$93.1875 is the weighted average sales price. Prices for this transaction ranged from $93.61 to $92.75. 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.
- F5$92.1375 is the weighted average sales price. Prices for this transaction ranged from $92.63 to $91.64. 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.
- F6$90.8935 is the weighted average sales price. Prices for this transaction ranged from $91.50 to $90.535. 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.
- F7These options vested in three equal annual installments beginning on February 22, 2012.
- F8These options vested in three equal annual installments beginning on July 25, 2012.
- F9These options vested the later of (a) the date on which the average closing price of company common stock for any fifteen consecutive trading days is 115% or greater than the average closing price of company common stock for the fifteen trading days immediately preceding the date of grant on May 2, 2012 which was met on January 22, 2013, and (b) in three equal installments on the first, second and third anniversary of the grant date beginning on May 2, 2013.