Statement of Changes in Beneficial Ownership (4)
February 10 2021 - 4:25PM
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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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
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1. Name and Address of Reporting Person
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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)
2/8/2021 |
(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 | 2/8/2021 | | M(1) | | 31801 | A | $38.04 | 77377.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/8/2021 | | S(1) | | 8117 | D | $183.0873 (3) | 69260.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/8/2021 | | S(1) | | 23684 | D | $182.5902 (4) | 45576.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/8/2021 | | M(1) | | 119196 | A | $38.04 | 164772.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/8/2021 | | D | | 24787 (5) | D | $182.93 | 139985.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/8/2021 | | S(1) | | 12197 | D | $183.178 (6) | 127788.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/8/2021 | | S(1) | | 82212 | D | $182.5564 (7) | 45576.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/9/2021 | | M(1) | | 482 | A | $38.04 | 46058.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/9/2021 | | S(1) | | 482 | D | $182.85 | 45576.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/9/2021 | | M(1) | | 61036 | A | $38.04 | 106612.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/9/2021 | | D | | 12720 (8) | D | $182.54 | 93892.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/9/2021 | | S(1) | | 32755 | D | $183.3748 (9) | 61137.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | 2/9/2021 | | S(1) | | 15561 | D | $182.7676 (10) | 45576.2816 (2) | D | |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 2220 | I | Held by wife |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 81000 (11) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 78780 (12) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 24719 (13) | I | By Trust |
Motorola Solutions, Inc. - Common Stock | | | | | | | | 22517 (14) | 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 |
Employee Stock Option - (Right to Buy) | $38.04 | 2/8/2021 | | M (1) | | | 31801 | (15) | 2/22/2021 | Motorola Solutions, Inc. - Common Stock | 31801 | $0 | 482 | D | |
Stock Appreciation Right | $38.04 | 2/8/2021 | | M (1) | | | 119196 | (15) | 2/22/2021 | Motorola Solutions, Inc. - Common Stock | 119196 | $0 | 331693 | D | |
Employee Stock Option (Right to Buy) | $38.04 | 2/9/2021 | | M (1) | | | 482 | (15) | 2/22/2021 | Motorola Solutions, Inc. - Common Stock | 482 | $0 | 0 | D | |
Stock Appreciation Right | $38.04 | 2/9/2021 | | M (1) | | | 61036 | (15) | 2/22/2021 | Motorola Solutions, Inc. - Common Stock | 61036 | $0 | 270657 | D | |
Explanation of Responses: |
(1) | The exercise of these options and stock appreciation rights and sale of shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2020. |
(2) | Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
(3) | $183.0873 is the weighted average sales price. Prices for this transaction ranged from $182.8050 to 183.70. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(4) | $182.5902 is the weighted average sales price. Prices for this transaction ranged from $182.50 to 182.79. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(5) | This represents the difference between the number of SARs exercised (119,196) and the number of shares issued as a result of the exercise (94,409). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date the SAR is exercised ($182.93) and the base price ($38.04). |
(6) | $183.1780 is the weighted average sales price. Prices for this transaction ranged from $182.76 to 183.66. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(7) | $182.5564 is the weighted average sales price. Prices for this transaction ranged from 182.50 to $182.75. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(8) | This represents the difference between the number of SARs exercised (61,036) and the number of shares issued as a result of the exercise (48,316). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date the SAR is exercised ($182.54) and the base price ($38.04). |
(9) | $183.3748 is the weighted average sales price. Prices for this transaction ranged from 183.01 to $183.81. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(10) | $182.7676 is the weighted average sales price. Prices for this transaction ranged from 182.50 to $183.00 The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(11) | 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. |
(12) | 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. |
(13) | 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. |
(14) | 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. |
(15) | These options and stock appreciation rights vested in three equal annual installments beginning on February 22, 2012. |
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) | | 2/10/2021 |
**Signature of Reporting Person | Date |
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