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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
877212	Zebra Technologies Corp	ZBRA	General Industrial Machinery & Equipment (3560)	362675536

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1201211	A Michael Smith	1242 N. Lake Shore Drive #18 Chicago IL 60610		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2011-12-07	3,700	$21.62	18,381	No	4	M	Direct
Class A Common Stock	Disposition	2011-12-07	3,700	$38.17	14,681	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Director Stock Option	Disposition	2011-12-07	3,700	$0.00	3,700	$21.62

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2012-02-08	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	13,350	Indirect	Thru Trust
Class A Common Stock	14,681	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Director Stock Option	$46.18		2016-02-08	20,000	20,000	Direct
Class A Common Stock	Director Stock Option	$37.20	2009-05-22	2018-05-22	2,000	2,000	Direct
Class A Common Stock	Stock Appreciation Right	$21.83	2010-05-29	2019-05-29	2,000	2,000	Direct
Class A Common Stock	Stock Appreciation Right	$26.80	2011-05-20	2020-05-20	2,000	2,000	Direct
Class A Common Stock	Stock Appreciation Right	$42.36	2011-05-19	2021-05-19	3,209	3,209	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-02-08	20,000	20,000	Direct
2018-05-22	2,000	2,000	Direct
2019-05-29	2,000	2,000	Direct
2020-05-20	2,000	2,000	Direct
2021-05-19	3,209	3,209	Direct

Footnotes

The option became fully exercisable on February 8, 2006.
Of the shares subject to such option, 4,000 vested on February 8, 2007, 4,000 vested on February 8, 2008, 4,000 vested on February 8, 2009, 4,000 vested on February 8, 2010 and 4,000 vested on February 8, 2011.
This SAR will vest 100% on the earlier of May 20, 2011 and immediately prior to the next annual meeting of stockholders at which directors are to be elected.
Fully vested on grant date.