Statement of Changes in Beneficial Ownership (4)
March 16 2021 - 4:14PM
Edgar (US Regulatory)
FORM 4
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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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
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1. Name and Address of Reporting Person
*
BROWN GREGORY Q |
2. Issuer Name and Ticker or Trading Symbol
Motorola Solutions, Inc.
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MSI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman and CEO |
(Last)
(First)
(Middle)
MOTOROLA SOLUTIONS, INC., 500 WEST MONROE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/13/2021 |
(Street)
CHICAGO, IL 60661
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Motorola Solutions, Inc. - Common Stock | 3/13/2021 | | M | | 14386 | A | $0 (1) | 88903.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 3/13/2021 | | F | | 6373 | D | $179.11 | 82530.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 2220 | I | Held by wife |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 81000 (3) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 78780 (4) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 24719 (5) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 22517 (6) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 41489 | I | 2019 Grantor Retained Annuity Trust, reporting person is the Trustee |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 104597 | I | 2020 Grantor Retained Annuity Trust, reporting person is the Trustee |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 28817 | I | 2021 Grantor Retained Annuity Trust, reporting person is the Trustee |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Market Stock Units | (7) | 3/13/2021 | | M | | | 13967 (8) | (8) | (8) | Motorola Solutions, Inc. - Common Stock | 13967 | $0 | 27933 | D | |
Explanation of Responses: |
(1) | Represents the vesting (13,967) and payout (14,386) of the first tranche (1/3) of the market stock units ("MSU") granted on March 13, 2020 at 103% payout factor and such payment includes 419 shares which were above the target number of shares originally reported. |
(2) | Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
(3) | These shares are held in an irrevocable trust for the benefit of the reporting person's wife and children. The reporting person's wife is trustee of this trust. |
(4) | These shares are held in a family trust for the benefit of the reporting person's children. The reporting person is trustee of this trust. |
(5) | These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust. |
(6) | These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust. |
(7) | Each market stock unit ("MSU") converts into shares of common stock on a 1-for-1 basis but the number of MSUs earned varies from 0% to 200% of the target number of MSUs based on the average of the closing price of the Company's common stock on the date of grant and the thirty calendar days immediately preceding the date of grant (referred to as Share Price on Date of Grant) as compared to the closing share price of the Company's common stock on the vesting date and the thirty calendar days immediately preceding the vesting date (referred to as Share Price on Vesting Date). The target number of MSUs is reported in this Report. |
(8) | One third of the MSU award will vest on each of the first, second and third anniversaries of the date of grant and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
BROWN GREGORY Q MOTOROLA SOLUTIONS, INC. 500 WEST MONROE CHICAGO, IL 60661 | X |
| Chairman and CEO |
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Signatures
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Kristin L. Kruska, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney on File) | | 3/16/2021 |
**Signature of Reporting Person | Date |
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