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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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 * Heel Joachim 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)
Chief Revenue Officer
(Last)         (First)         (Middle)
C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT
3. Date of Earliest Transaction (MM/DD/YYYY)
6/2/2021
(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                 32918  D   
Class A Common Stock  6/2/2021    S    4000  D $501.97  28918  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  $73.5                   (1) 9/15/2024  Class A Common Stock  8572.0    8572  D   
Stock Appreciation Right  $108.2                   (2) 5/15/2025  Class A Common Stock  4526.0    4526  D   
Stock Appreciation Right  $51.42                   (3) 5/12/2026  Class A Common Stock  8854.0    8854  D   
Stock Appreciation Right  $98.87                   (4) 5/11/2024  Class A Common Stock  6033.0    6033  D   
Stock Appreciation Right  $149.57                   (5) 5/10/2025  Class A Common Stock  4203.0    4203  D   
Stock Appreciation Right  $205.12                   (6) 5/2/2026  Class A Common Stock  3273.0    3273  D   
Stock Appreciation Right  $244.97                   (7) 4/30/2027  Class A Common Stock  3146.0    3146  D   

Explanation of Responses:
(1)  Of the stock appreciation rights subject to this SAR, 2,143 vest on September 15, 2015, 2,143 vest on September 15, 2016, 2,143 vest on September 15, 2017 and 2,143 vest on September 15, 2018.
(2)  Of the stock appreciation rights subject to this SAR, 1,131 vest on May 15, 2016, 1,131 vest on May 15, 2017, 1,132 vest on May 15, 2018 and 1,132 vest on May 15, 2019.
(3)  Of the stock appreciation rights subject to this SAR, 2,213 vest 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.
(4)  Of the stock appreciation rights subject to this SAR, 1,508 vest on May 11, 2018, 1,508 vest on May 11, 2019, 1,508 vest on May 11, 2020 and 1,509 vest on May 11, 2021.
(5)  Of the stock appreciation rights subject to this SAR, 1,050 vest on May 10, 2019, 1,051 vest on May 10, 2020, 1,051 vest on May 10, 2021 and 1051 vest on May 10, 2022.
(6)  Of the stock appreciation rights subject to this SAR, 818 vest on May 2, 2020, 818 vest on May 2, 2021, 818 vest on May 2, 2022 and 819 vest on May 2, 2023.
(7)  Of the stock appreciation rights subject to this SAR, 786 vest on April 30, 2021, 786 vest on April 30, 2022, 787 vest on April 30, 2023 and 787 vest on April 30, 2024.

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


Chief Revenue Officer

Signatures
/s/ Cristen Kogl, Attorney-In-Fact 6/3/2021
**Signature of Reporting Person Date
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