SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BROWN GREGORY Q

(Last) (First) (Middle)
MOTOROLA SOLUTIONS, INC.
500 WEST MONROE

(Street)
CHICAGO IL 60661

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Motorola Solutions, Inc. [ MSI ]
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
3. Date of Earliest Transaction (Month/Day/Year)
11/03/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Motorola Solutions, Inc. - Common Stock 11/03/2020 G V 4,700 D $0 0(1) I 2018 Grantor Retained Annuity Trust, reporting person is the Trustee
Motorola Soluions, Inc. - Common Stock 11/03/2020 G V 4,700 A $0 126,016(2) I By Trust
Motorola Solutions, Inc. - Common Stock 85,778.1246(3) D
Motorola Solutions, Inc. - Common Stock 11/04/2020 M 27,890 A $39.02 113,668.1246(3) D
Motorola Solutions, Inc. - Common Stock 11/04/2020 S 5,460 D $165.9439(4) 108,208.1246(3) D
Motorola Solutions, Inc. - Common Stock 11/04/2020 S 10,660 D $164.8646(5) 97,548.1246(3) D
Motorola Solutions, Inc. - Common Stock 11/04/2020 S 7,286 D $164.1549(6) 90,262.1246(3) D
Motorola Solutions, Inc. - Common Stock 11/04/2020 S 647 D $162.9743(7) 89,615.1246(3) D
Motorola Solutions, Inc. - Common Stock 11/04/2020 S 3,837 D $162.6167(8) 85,778.1246(3) D
Motorola Solutions, Inc. - Common Stock 2,220 I Held by wife
Motorola Solutions, Inc. - Common Stock 81,000(9) I By Trust
Motorola Solutions, Inc. - Common Stock 41,489 I 2019 Grantor Retained Annuity Trust, reporting person is the Trustee
Motorola Solutions, Inc. - Common Stock 104,597 I 2020 Grantor Retained Annuity Trust, reporting person is the Trustee
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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 $39.02 11/04/2020 M 27,890 (10) 02/01/2021 Motorola Solutions, Inc. - Common Stock 27,890 $0 27,888 D
Explanation of Responses:
1. Pursuant to the 2018 Grantor Retained Annuity Trust (GRAT), of which reporting person is the trustee, the remainder interest of the GRAT was distributed as a gift to the irrevocable trust for the benefit of the reporting person's children, of which the reporting person is the trustee. See footnote 2 below.
2. These shares include 4,700 shares referenced in footnote 1 above and are held in an irrevocable trust for the benefit of the reporting person's children. The reporting person is trustee of this trust.
3. Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
4. $165.9439 is the weighted average sales price. Prices for this transaction ranged from $166.30 to $165.50. 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. $164.8646 is the weighted average sales price. Prices for this transaction ranged from $165.38 to $164.45. 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.
6. $164.1549 is the weighted average sales price. Prices for this transaction ranged from $164.435 to $163.66. 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. $162.9743 is the weighted average sales price. Prices for this transaction ranged from $163.49 to $162.725. 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. $162.6167 is the weighted average sales price. Prices for this transaction ranged from $162.62 to $162.37. 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.
9. 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.
10. These options vested in three equal annual installments beginning on February 1, 2012.
Kristin L. Kruska, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney on File) 11/05/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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