FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GAGNIER HUGH K 		2. Issuer Name and Ticker or Trading Symbol

ZEBRA TECHNOLOGIES CORP [ ZBRA ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, AIT
(Last)          (First)          (Middle)

C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/15/2017
(Street)

LINCOLNSHIRE, IL 60069
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Class A Common Stock                  39072   D    
Class A Common Stock   8/15/2017     M    2955   A $41.57   42027   D    
Class A Common Stock   8/15/2017     S    2955   D $106.42   39072   D    
Class A Common Stock   8/15/2017     M    9865   A $38.79   48937   D    
Class A Common Stock   8/15/2017     S    9865   D $106.42   39072   D    
Class A Common Stock   8/15/2017     M    5520   A $46.07   44592   D    
Class A Common Stock   8/15/2017     S    5520   D $106.42   39072   D    
Class A Common Stock   8/15/2017     M    1204   A $74.72   40276   D    
Class A Common Stock   8/15/2017     S    1204   D $106.42   39072   D    
Class A Common Stock   8/15/2017     M    1138   A $51.42   40210   D    
Class A Common Stock   8/15/2017     S    1138   D $106.42   39072   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Stock Appreciation Right   $41.57   8/15/2017     M         4867      (1) 5/5/2021   Class A Common Stock   4687   $0.00   0   D    
Stock Appreciation Right   $38.79   8/15/2017     M         15572      (2) 4/30/2022   Class A Common Stock   15572   $0.00   0   D    
Stock Appreciation Right   $46.07   8/15/2017     M         9775      (3) 5/3/2023   Class A Common Stock   9775   $0.00   0   D    
Stock Appreciation Right   $74.72   8/15/2017     M         4093      (4) 5/8/2024   Class A Common Stock   4093   $0.00   1365   D    
Stock Appreciation Right   $108.20                      (5) 5/15/2025   Class A Common Stock   4619     4619   D    
Stock Appreciation Right   $51.42   8/15/2017     M         2213      (6) 5/12/2026   Class A Common Stock   2213   $0.00   6641   D    
Stock Appreciation Right   $98.87                      (7) 5/11/2027   Class A Common Stock   5932     5932   D    

Explanation of Responses:
(1)  Of the stock appreciation rights subject to this SAR, 1,558 vested on May 5, 2014 and 3,129 vested on May 5, 2015.
(2)  Of the stock appreciation rights subject to this SAR, 3,893 vested on each of April 20, 2013, April 20, 2014, April 20, 2015 and April 20, 2016.
(3)  Of the stock appreciation rights subject to this SAR, 2,443 vested on May 3, 2014, 2,444 vested on May 3, 2015, 2,444 vested on May 3, 2016 and 2,444 vested on May 3, 2017.
(4)  Of the stock appreciation rights subject to this SAR, 1,364 vested on May 8, 2015, 1,364 vested on May 8, 2016, 1,365 vested on May 8, 2017 and 1,365 vest on May 8, 2018.
(5)  Of the stock appreciation rights subject to this SAR, 1,154 vested on May 15, 2016, 1,155 vested on May 15, 2017, 1,155 vest on May 15, 2018 and 1,155 vest on May 15, 2019.
(6)  Of the stock appreciation rights subject to this SAR, 2,213 vested on May 12, 2017, 2,213 vest on May 12, 2018, 2,214 vest on May 12, 2019 and 2,214 vest on May 12, 2020.
(7)  Of the stock appreciation rights subject to this SAR, 1,483 vest on May 11, 2018, 1,483 vest on May 11, 2019, 1,483 vest on May 11, 2020 and 1,483 vest on May 11, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GAGNIER HUGH K
C/O ZEBRA TECHNOLOGIES CORPORATION
3 OVERLOOK POINT
LINCOLNSHIRE, IL 60069

SVP, AIT

Signatures
/s/ Jim L Kaput, Attorney-in-fact 8/17/2017
** 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 control number.
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