SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Motorola Solutions, Inc. [ MSI ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 09/07/2018 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | M | 41,736 | A | $66.43 | 56,259.4654 | D | |||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | M | 9,363 | A | $65.48 | 65,622.4654 | D | |||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | M | 43,053 | A | $66.57 | 108,675.4654 | D | |||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | S | 332 | D | $127.5 | 108,343.2395(1) | D | |||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | S | 8,144 | D | $127.4315(2) | 100,199.2395(1) | D | |||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | S | 30,806 | D | $127.3411(3) | 69,393.2395(1) | D | |||
Motorola Solutions, Inc. - Common Stock | 09/07/2018 | S | 63,346 | D | $126.7917(4) | 6,047.2395(1) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option - Right to Buy | $66.43 | 09/07/2018 | M | 41,736 | (5) | 03/10/2024 | Motorola Solutions, Inc. - Common Stock | 41,736 | $0 | 0 | D | ||||
Employee Stock Option - Right to Buy | $65.48 | 09/07/2018 | M | 9,363 | (6) | 01/23/2025 | Motorola Solutions, Inc. - Common Stock | 9,363 | $0 | 0 | D | ||||
Performance Option | $66.57 | 09/07/2018 | M | 43,053 | (7) | 03/09/2025 | Motorola Solutions, Inc. - Common Stock | 43,053 | $0 | 0 | D |
Explanation of Responses: |
1. Includes shares acquired through the Motorola Solutions Employee Stock Purchase Plan. A fractional share of .2259 was liquidated by the stock plan administrator. |
2. $127.4315 is the weighted average sales price. Prices for this transaction ranged from $127.98 to $127.15. 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. |
3. $127.3411 is the weighted average sales price. Prices for this transaction ranged from $127.98 to $127.00. 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. |
4. $126.7917 is the weighted average sales price. Prices for this transaction ranged from $126.995 to $126.495. 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. |
5. These 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 is 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. |
6. These options vested in three equal annual installments beginning on January 23, 2016. |
7. These 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. On March 9, 2018, the Company determined that, based on the Company's performance over the applicable performance period, 43,053 options vested. |
Remarks: |
Amber J. Livingston, on behalf of Mark S. Hacker, Executive Vice President, General Counsel & Chief Administrative Officer (Power of Attorney on File) | 09/11/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |