Billionaire Jeff Ubben’s ValueAct Cuts Stake in Motorola Solutions, Inc. (MSI) to 4.9%

Page 9 of 11 – SEC Filing

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CUSIP NO. 620076307 Page 9 of 13
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Item 3. Source and Amount of Funds or Other Consideration

Not applicable.

Item 5. Interest in Securities of the Issuer

(a) and (b). Set forth below is the beneficial ownership of shares of
Common Stock of the Issuer for each person named in Item 2. Shares reported
as beneficially owned by ValueAct Master Fund are also reported as
beneficially owned by (i) ValueAct Management L.P. as the manager of each
such investment partnership, (ii) ValueAct Management LLC, as General Partner
of ValueAct Management L.P., (iii) ValueAct Holdings, as the sole owner of
the limited partnership interests of ValueAct Management L.P. and the
membership interests of ValueAct Management LLC and as the majority owner of
the membership interests of VA Partners I and (iv) ValueAct Holdings GP, as
General Partner of ValueAct Holdings. Shares reported as beneficially owned
by ValueAct Master Fund are also reported as beneficially owned by VA
Partners I, as General Partner of ValueAct Master Fund. VA Partners I,
ValueAct Management L.P., ValueAct Management LLC, ValueAct Holdings and
ValueAct Holdings GP also, directly or indirectly, may own interests in one
or more than one of the partnerships from time to time. Unless otherwise
indicated below, by reason of such relationship ValueAct Master Fund is
reported as having shared power to vote or to direct the vote, and shared
power to dispose or direct the disposition of, such shares of Common Stock,
with VA Partners I (only with respect to ValueAct Master Fund), ValueAct
Management L.P., ValueAct Management LLC, ValueAct Holdings and ValueAct
Holdings GP.

As of the date hereof, ValueAct Master Fund is the beneficial owner
of 8,517,576 shares of Common Stock, representing approximately 4.9% of
the Issuer’s outstanding Common Stock (which shares may also be deemed to be
beneficially owned by VA Partners I).

ValueAct Management L.P., ValueAct Management LLC, ValueAct Holdings
and ValueAct Holdings GP may each be deemed the beneficial owner of an
aggregate of 8,517,576 shares of Common Stock, representing approximately
4.9% of the Issuer’s outstanding Common Stock.

All percentages set forth in this Schedule 13D are based upon the
Issuer’s reported 174,337,851 outstanding shares of Common Stock as
reported on the Issuer’s Current Report on Form 10-K for the yearly period
ended December 31, 2015.

(c) Since the date of the previous filing, the Reporting Persons sold
the following shares of Common Stock in the open market:

Reporting Person Trade Date Shares Price/Share
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ValueAct Master Fund 03/11/2016 280,000 $71.21
03/14/2016 280,000 $71.50
03/15/2016 286,000 $72.17
03/16/2016 320,000 $71.97
03/17/2016 290,000 $73.08
03/18/2016 240,000 $72.77

These sales were made pursuant to a 10b5-1 plan.