SEC Form 4 · accession 0001584520-18-000001

Motorola Solutions, Inc. · MSI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Gino A Bonanotte

Officer — EVP and CFO

Period of report

Mar 8, 2018

Accepted (ET)

Mar 12, 2018 · 4:43 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
Motorola Solutions, Inc. - Common Stock^F1,F2	Mar 9, 2018	M	5,667	$0.00	A	31,265	D
Motorola Solutions, Inc. - Common Stock^F2	Mar 9, 2018	F	2,511	$109.09	D	28,754	D
Motorola Solutions, Inc. - Common Stock^F3,F2	Mar 9, 2018	M	3,620	$0.00	A	32,374	D
Motorola Solutions, Inc. - Common Stock^F2	Mar 9, 2018	F	1,604	$109.09	D	30,770	D
Motorola Solutions, Inc. - Common Stock^F4,F2	Mar 10, 2018	M	4,475	$0.00	A	35,245	D
Motorola Solutions, Inc. - Common Stock^F2	Mar 10, 2018	F	1,983	$109.09	D	33,262	D

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^F5,F6	—	Mar 8, 2018	A	5,984	A	—	—	Motorola Solutions, Inc. - Common Stock	5,984	5,984	D
Market Stock Units^F6,F5	—	Mar 9, 2018	M	3,680	D	—	—	Motorola Solutions, Inc. - Common Stock	3,680	0	D
Market Stock Units^F6,F5	—	Mar 9, 2018	M	2,722	D	—	—	Motorola Solutions, Inc. - Common Stock	2,722	5,442	D
Performance Option^F7	$66.57	Mar 9, 2018	A	57,405	A	—	Mar 9, 2025	Motorola Solutions, Inc. - Common Stock	57,405	57,405	D
Market Stock Units^F6,F5	—	Mar 10, 2018	M	2,906	D	—	—	Motorola Solutions, Inc. - Common Stock	2,906	2,905	D

Explanation of responses

F1Represents the vesting (3,680) and payout (5,667) of the third tranche (1/3) of the market stock units (MSU) granted on March 9, 2015 at 154% payout factor and such payout includes 1,987 shares which were above the target number of shares originally reported.
F2Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
F3Represents the vesting (2,722) and payout (3,620) of the first tranche (1/3) of the market stock units (MSU) granted on March 9, 2017 at 133% payout factor and such payout includes 898 shares which were above the target number of shares originally reported.
F4Represents the vesting (2,906) and payout (4,475) of the second tranche (1/3) of the market stock units (MSU) granted on March 10, 2016 at 154% payout factor and such payout includes 1,569 shares which were above the target number of shares originally reported.
F5Each 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).
F6One 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.
F7Represents the vesting of performance based stock options granted to the reporting person on March 9, 2015 that were eligible to vest on the third anniversary date of the grant or March 9, 2018 based on the satisfaction of certain financial performance objectives. On March 9, 2018, the Company determined that, based on the Company's performance over the applicable performance period, 57,405 options would vest.