BRDA BRUCE W 4
4 · Motorola Solutions, Inc. · Filed Mar 12, 2018
Insider Transaction Report
Form 4
BRDA BRUCE W
EVP, Systems & Products
Transactions
- Award
Market Stock Units
2018-03-08+4,787→ 4,787 total→ Motorola Solutions, Inc. - Common Stock (4,787 underlying) - Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2018-03-09+3,016→ 12,910.622 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2018-03-09$109.09/sh−1,106$120,654→ 11,804.622 total - Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2018-03-10+3,132→ 14,936.622 total - Exercise/Conversion
Market Stock Units
2018-03-09−2,268→ 4,535 total→ Motorola Solutions, Inc. - Common Stock (2,268 underlying) - Tax Payment
Motorola Solutions, Inc. - Common Stock
2018-03-09$109.09/sh−550$60,000→ 9,894.622 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2018-03-10$109.09/sh−1,388$151,417→ 13,548.622 total - Exercise/Conversion
Market Stock Units
2018-03-10−2,034→ 2,034 total→ Motorola Solutions, Inc. - Common Stock (2,034 underlying)
Footnotes (5)
- [F1]Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
- [F2]Represents the vesting (2,268) and payout (3,016) of the first tranche (1/3) of the market stock units (MSU) granted on March 9, 2017 at 133% payout factor and such payout includes 748 shares which were above the target number of shares originally reported.
- [F3]Represents the vesting (2,034) and payout (3,132) of the second tranche (1/3) of the market stock units (MSU) granted on March 10, 2016 at 154% payout factor and such payout includes 1,098 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.