4//SEC Filing
BONANOTTE GINO A 4
Accession 0001584520-20-000003
CIK 0000068505other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 4:35 PM ET
Size
18.1 KB
Accession
0001584520-20-000003
Insider Transaction Report
Form 4
BONANOTTE GINO A
CVP and Acting CFO
Transactions
- Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2020-03-08+3,411→ 48,824.461 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2020-03-08$175.92/sh−1,512$265,991→ 47,312.461 total - Exercise/Conversion
Market Stock Units
2020-03-09−2,721→ 0 total→ Motorola Solutions, Inc. - Common Stock (2,721 underlying) - Award
Performance Option
2020-03-09+81,507→ 81,507 totalExercise: $81.37Exp: 2027-03-09→ Motorola Solutions, Inc. - Common Stock (81,507 underlying) - Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2020-03-09+5,442→ 52,754.461 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2020-03-09$165.69/sh−2,411$399,479→ 50,343.461 total - Exercise/Conversion
Market Stock Units
2020-03-08−1,995→ 1,994 total→ Motorola Solutions, Inc. - Common Stock (1,995 underlying)
Footnotes (6)
- [F1]Represents the vesting (1,995) and payout (3,411) of the second tranche (1/3) of the market stock units (MSU) granted on March 8, 2018 at 171% payout factor and such payout includes 1,416 shares which were above the target number of shares originally reported.
- [F2]Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
- [F3]Represents the vesting (2,721) and payout (5,442) of the third tranche (1/3) of the market stock units (MSU) granted on March 9, 2017 at 200% payout factor and such payout includes 2,721 shares which were above the target number of shares originally reported.
- [F4]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).
- [F5]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.
- [F6]Represents the vesting of performance based stock options granted to the reporting person on March 9, 2017 that were eligible to vest on the third anniversary date of the grant or March 9, 2020 based on the satisfaction of certain financial performance objectives. On March 9, 2020, the Company determined that, based on the Company's performance over the applicable performance period, 81,507 options would vest.
Documents
Issuer
Motorola Solutions, Inc.
CIK 0000068505
Entity typeother
Related Parties
1- filerCIK 0001584520
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 4:35 PM ET
- Size
- 18.1 KB