SEC Form 4 · accession 0001584520-18-000003
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
Nov 2, 2018
Accepted (ET)
Nov 6, 2018 · 4:08 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 2, 2018 | M | 25,020 | $66.43 | A | 59,025 | D | |
| Motorola Solutions, Inc. - Common Stock | Nov 2, 2018 | M | 41,736 | $66.43 | A | 100,761 | D | |
| Motorola Solutions, Inc. - Common Stock | Nov 2, 2018 | M | 57,405 | $66.57 | A | 158,166 | D | |
| Motorola Solutions, Inc. - Common StockF2,F3 | Nov 2, 2018 | S | 124,161 | $127.5001 | D | 34,005 | 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 BuyF4 | $66.43 | Nov 2, 2018 | M | 25,020 | D | — | Mar 10, 2024 | Motorola Solutions, Inc. - Common Stock | 25,020 | 0 | D |
| Employee Stock Option - Right to BuyF5 | $66.43 | Nov 2, 2018 | M | 41,736 | D | — | Mar 10, 2024 | Motorola Solutions, Inc. - Common Stock | 41,736 | 0 | D |
| Performance OptionF6 | $66.57 | Nov 2, 2018 | M | 57,405 | D | — | Mar 9, 2025 | Motorola Solutions, Inc. - Common Stock | 57,405 | 0 | D |
Explanation of responses
- F1The exercise 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 September 14, 2018.
- F2$127.5001 is the weighted average sales price. Prices for this transaction ranged from $127.50 to $127.59. 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.
- F4These options vested in three equal annual installments beginning on March 10, 2015.
- F5These options vested the later of (a) the date on which the average closing price of the company common stock for any fifteen consecutive trading days was 115% or greater than the average closing price of the company common stock for the fifteen trading days immediately preceding the date of grant on March 10, 2014 and (b) in three equal annual installments beginning on March 10, 2015.
- F6These performance based stock options vested on the third anniversary date of the grant or March 9, 2018 based on the satisfaction of certain financial performance objectives.