SEC Form 4 · accession 0001578512-18-000016
Motorola Solutions, Inc. · MSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark S. Hacker
Officer — EVP, GC & Chief Admin Officer
Period of report
Nov 5, 2018
Accepted (ET)
Nov 7, 2018 · 4:12 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 | Nov 5, 2018 | M | 160,417 | $68.50 | A | 166,464 | D | |
| Motorola Solutions, Inc. - Common StockF1 | Nov 5, 2018 | S | 17,701 | $121.91 | D | 148,763 | D | |
| Motorola Solutions, Inc. - Common StockF2 | Nov 5, 2018 | S | 28,209 | $122.61 | D | 120,554 | D | |
| Motorola Solutions, Inc.- Common StockF3 | Nov 5, 2018 | S | 47,193 | $123.87 | D | 73,361 | D | |
| Motorola Solutions, Inc. - Common StockF4 | Nov 5, 2018 | S | 37,442 | $124.56 | D | 35,919 | D | |
| Motorola Solutions, Inc. - Common StockF5 | Nov 5, 2018 | S | 10,648 | $125.15 | D | 25,271 | D | |
| Motorola Solutions, Inc. - Common StockF6 | Nov 5, 2018 | S | 6,708 | $125.77 | D | 18,563 | D | |
| Motorola Solutions, Inc. - Common StockF7 | Nov 5, 2018 | S | 3,008 | $126.99 | D | 15,555 | D | |
| Motorola Solutions, Inc. - Common StockF8,F9 | Nov 5, 2018 | S | 9,508 | $128.06 | D | 6,047 | D |
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 OptionF10 | $68.50 | Nov 5, 2018 | M | 160,417 | D | — | Aug 25, 2022 | Motorola Solutions, Inc. - Common Stock | 160,417 | 0 | D |
Explanation of responses
- F1$121.91 is the weighted average sales price. Prices for this transaction ranged from $121.215 to $122.19. 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.
- F10The performance contingent stock options ("PCSOs") vested upon the attainment, within a 3-year period following the grant date, of each stock price requirement as follows: (a) 20% vested when the Company closing stock price was at least $85.00 for ten consecutive trading days; (b) 30% vested when the Company closing stock price was at least $102.50 for ten consecutive trading days; and (c) 50% vested when the Company closing stock price was at least $120.00 for ten consecutive trading days. The options became exerciseable on the third anniversary of the grant date or August 25, 2018.
- F2$122.61 is the weighted average sales price. Prices for this transaction ranged from $122.20 to $123.15. 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.
- F3$123.87 is the weighted average sales price. Prices for this transaction ranged from $123.21 to $124.18. 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.
- F4$124.56 is the weighted average sales price. Prices for this transaction ranged from $124.20 to $125.01. 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$125.15 is the weighted average sales price. Prices for this transaction ranged from $125.03 to $125.29. 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$125.77 is the weighted average sales price. Prices for this transaction ranged from $125.30 to $126.25. 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.
- F7$126.99 is the weighted average sales price. Prices for this transaction ranged from $126.56 to $127.49. 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.
- F8$128.06 is the weighted average sales price. Prices for this transaction ranged from $127.50 to $128.45. 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.
- F9Includes shares acquired through the Motorola Solutions Employee Stock Purchase Plan.