11-K 1 a10-12458_111k.htm 11-K

Table of Contents

 

 

 

SECURITIES AND EXCHANGE COMMISSION

100 F Street, N.E.

Washington, D.C. 20549

(202) 942-2940

 

FORM 11-K

 

(Mark One)

 

x        ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

for the fiscal year ended December 31, 2009 or

 

o        TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

for the transition period from            to                 .

 

Commission file number:  1-7221

 

A.            Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

MOTOROLA 401(k) PLAN

 

B.            Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

 

Motorola, Inc., 1303 E. Algonquin Road, Schaumburg, IL 60196

 

 

 



Table of Contents

 

Financial Statements, Signatures and Exhibits

 

The following financial statements, signatures and exhibits are part of this report.

 

 

 

 

(a)

Financial Statements

 

 

 

 

 

Report of Independent Registered Public Accounting Firm

1

 

 

 

 

Statements of Net Assets Available for Benefits

2

 

 

 

 

Statement of Changes in Net Assets Available for Benefits

3

 

 

 

 

Notes to Financial Statements

4

 

 

 

 

Schedule H Line 4(i) — Schedule of Assets (Held at End of Year)

17

 

 

 

(b)

Signatures

23

 

 

 

(c)

Exhibits

 

 

 

 

 

 

Exhibit No.

 

Description

 

Page

 

 

 

 

 

 

 

 

 

No. 23.1

 

Consent of Crowe Horwath LLP

 

24

 



Table of Contents

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

Motorola, Inc.

401(k) Plan Committee

Schaumburg, Illinois

 

We have audited the accompanying statements of net assets available for benefits of the Motorola 401(k) Plan (“the Plan”) as of December 31, 2009 and 2008, and the related statement of changes in net assets available for benefits for the year ended December 31, 2009.  These financial statements are the responsibility of the Plan’s management.  Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2009 and 2008, and the changes in net assets available for benefits for the year ended December 31, 2009 in conformity with U.S. generally accepted accounting principles.

 

Our audit was conducted for the purpose of expressing an opinion on the basic financial statements taken as a whole. The Supplemental Schedule H, Line 4i — Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.  The supplemental schedule is the responsibility of the Plan’s management.  The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2009 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2009 financial statements taken as a whole.

 

 

/s/ Crowe Horwath LLP

 

 

 

Crowe Horwath LLP

 

 

Oak Brook, Illinois

 

June 22, 2010

 

 

1



Table of Contents

 

MOTOROLA 401(k) PLAN

 

Financial Statements

 

and Schedule

 

December 31, 2009 and 2008

 



Table of Contents

 

MOTOROLA 401(k) PLAN

Statements of Net Assets Available for Benefits

December 31, 2009 and 2008

(In thousands)

 

 

 

2009

 

2008

 

Assets:

 

 

 

 

 

Investments at fair value:

 

 

 

 

 

U.S. Government and agencies securities

 

$

54,110

 

$

66,753

 

Short term and other investments

 

 

1,690

 

Corporate and other bonds and debentures

 

137,363

 

96,039

 

Motorola, Inc. common stock

 

249,766

 

147,748

 

Investments in collective trusts

 

4,423,675

 

3,798,590

 

Investments under securities lending agreements (Note 6)

 

41,221

 

89,259

 

Securities lending collateral pool (Note 6)

 

42,392

 

90,900

 

Other

 

26,649

 

446

 

Participant loans

 

54,675

 

58,758

 

Total investments

 

 

5,029,851

 

4,350,183

 

Noninterest bearing cash

 

70

 

 

Receivables:

 

 

 

 

 

Employer contributions

 

 

5,435

 

Employee contributions

 

1

 

11

 

Interest receivable

 

1,209

 

1,489

 

Dividends receivable

 

 

1,675

 

Total receivables

 

 

1,210

 

8,610

 

Total assets

 

 

5,031,131

 

4,358,793

 

Liabilities:

 

 

 

 

 

Pending trade purchases

 

2,875

 

1,091

 

Obligations for collateral received for investments under securities lending (Note 6)

 

42,615

 

92,050

 

Total liabilities

 

 

45,490

 

93,141

 

Net assets available for benefits

 

$

4,985,641

 

$

4,265,652

 

 

See accompanying notes to financial statements.

 

2



Table of Contents

 

MOTOROLA 401(k) PLAN

Statement of Changes in Net Assets Available for Benefits

Year Ended December 31, 2009

(In thousands)

 

Additions to net assets attributed to:

 

 

 

Investment income:

 

 

 

Net appreciation in fair value of investments

 

$

881,651

 

Interest and dividends

 

16,250

 

Total investment income

 

897,901

 

Contributions:

 

 

 

Participants

 

195,920

 

Rollovers

 

5,046

 

Total contributions

 

200,966

 

Total additions

 

1,098,867

 

Deductions from net assets attributed to:

 

 

 

Benefits paid to participants

 

369,716

 

Administrative and other expenses

 

7,103

 

Total deductions

 

376,819

 

Net increase before transfers

 

722,048

 

Transfer out of assets relating to plan spin off, net (Note 8)

 

(2,059

)

Net increase

 

719,989

 

Net assets available for benefits:

 

 

 

Beginning of year

 

4,265,652

 

End of year

 

$

4,985,641

 

 

See accompanying notes to financial statements.

 

3



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(1)       Description of Plan

 

The following description of the Motorola 401(k) Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

 

(a)       General

 

The Plan is a defined contribution benefit plan sponsored by Motorola, Inc. and certain subsidiaries (the Company) covering substantially all domestic employees. Employees become eligible to contribute to the Plan immediately upon employment.

 

The non-leveraged employee stock ownership plan (the ESOP) portion of the Plan is designed to invest primarily in shares of the Company’s common stock. The ESOP portion of the Plan is participant directed. Each participant is entitled to exercise voting rights attributable to the shares allocated to their account and is notified by the Trustee prior to the time that such rights are to be exercised. Dividends paid on the Company’s common stock are allocated to the participant’s account and reinvested in Company common stock or paid directly to the participant at the election of the participant. Since the Company did not declare dividends in 2009, there were no pass-through dividends in the Plan in 2009.

 

(b)       Contributions

 

Participants may elect to contribute up to 30% of their pre-tax compensation, up to the annual deferral limit set by the Internal Revenue Code (IRC). The annual deferral limit as set by the IRC was $16,500 in 2009. The Plan also allows for participants age 50 and older to contribute additional tax-deferred contributions.  These catch-up contributions were subject to IRS limits of $5,500 in 2009.

 

Effective January 1, 2009, Company contributions to the Plan were suspended until a future decision is made by Motorola to provide for such contributions.

 

(c)        Participant Accounts

 

Each participant’s account is credited with the participant’s elective deferrals, allocations of Company matching contributions and plan earnings, and charged with an allocation of administrative expenses. Allocations are based on participant earnings or account balances as defined in the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

 

4



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(1)          Description of Plan (Continued)

 

(d)       Vesting

 

Participants are fully vested in their elective deferrals and related earnings at all times. A participant will be 100% vested in employer contributions and earnings thereon after they have completed an anniversary year. However, the participant becomes 100% vested in their account balances upon reaching normal retirement age, total and permanent disability, death, or Plan termination.

 

Participants who terminated employment prior to July 1, 2000, but chose to leave their account balances in the Plan are subject to forfeiture of the unvested portion of employer contributions upon the earlier of their withdrawal from the Plan, or the five-year anniversary of their employment termination. Terminated employees who have left their account balances in the Plan and are rehired by the Plan Sponsor within five years are not subject to forfeiture of their unvested employer contributions. The portion of employer contributions not vested upon termination of employment is forfeited and is used to offset Company contributions. As of December 31, 2009, forfeitures available for use were $165,324.  All unused amounts may be used to offset future Company contributions or pay Plan expenses.

 

(e)        Benefits

 

At the option of the participant, distributions from the Plan may be made in the form of: (a) a lump-sum distribution with the option of receiving shares of Motorola stock or cash, (b) annual distributions from the Plan (available only to retiring participants), or (c) combinations thereof. Participants hired after January 1, 1996 may not elect the Annuity or Annual Distribution options. Partial distributions (with a minimum of $5,000) are made available to participants, with no more than one distribution in any three-month period. Participants are not required to cash out their entire benefits at age 70 (although this requirement applies to beneficiaries).

 

Additionally, in-service withdrawals are extended to participants who have attained age 59-1/2 for pretax, post-tax, and rollover contributions. Hardship withdrawal of rollover contributions is permitted. Participants who terminate employment with the Company for any reason and have a vested account balance of $1,000 or less will have their account balance distributed in the form of a lump-sum distribution.

 

Participants who have attained the age of 70-1/2 and who are an employee of the Company may withdraw all or any portion of his/her account subject to IRS minimum distribution requirements. A participant may not take more than one withdrawal in any six-month period, and the minimum withdrawal shall be $200.

 

Participants who are employees of the Company and who have made a rollover transfer into the Plan may withdraw all or any portion of their rollover transfer amounts at any time. A participant may not take more than one withdrawal in any six-month period, and the minimum withdrawal shall be $200.

 

5



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(1)          Description of Plan (Continued)

 

Effective January 1, 2009, the Plan was amended to comply with the provisions of the Heroes Assistance and Relief Tax Act of 2008 and to suspend required minimum distributions for the 2009 Plan Year as permitted under The Worker, Retiree and Employer Recovery Act of 2008.

 

(f)        Participant Loans

 

Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 less their highest outstanding loan balance in the last 12 months or 50% of their vested account balance. Loan transactions are treated as a transfer to/from the investment fund to the Participant Loan Fund. Loan terms range from 1-5 years or up to 10 years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at a reasonable interest rate commensurate with local prevailing rates as determined quarterly by the plan administrator. Interest rates are based on the prime rate (published in the Wall Street Journal) plus 0.5% unless the plan administrator determines the interest rate is not reasonable. Prior to July 16, 2003, interest rates included a 0.3% loan insurance fee. Principal and interest is paid ratably through payroll deductions. A $50 processing fee is charged for loans.

 

(g)       Plan Termination

 

Although the Company has not expressed any intent to do so, it may terminate the Plan at any time. It has the right under the Plan to discontinue contributions at any time and terminate the Plan subject to the provisions of ERISA.

 

(2)       Summary of Significant Accounting Policies

 

(a)       Basis of Presentation

 

The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.

 

(b)       Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

 

6



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(2)     Summary of Significant Accounting Policies (Continued)

 

(c)        Adoption of New Accounting Standards

 

Fair Value Measurements and Disclosures:  In April 2009, the FASB issued guidance that emphasizes that the objective of a fair value measurement does not change even when the market activity for the asset or liability has decreased significantly.  Fair value is the price that would be received for an asset sold or paid to transfer a liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions.  When observable transactions or quoted prices are not considered orderly, then little, if any, weight should be assigned to the indication of the asset or liability’s fair value.  Adjustments to those transactions or prices should be applied to determine the appropriate fair value.  The standard also requires increased disclosures.  The guidance was applied prospectively in 2009, and the impact of adoption of this standard was not material to the Plan’s net assets available for benefits.

 

In September 2009, the FASB issued guidance which provides a practical expedient for measuring the fair values of Plan investments in a limited number of entities that calculate a net asset value per share (such as hedge funds, private equity funds, funds of funds, and certain collective trusts, common trusts and pooled separate accounts).  This guidance also provides enhanced disclosure requirements, and it became effective for Plan reporting periods ending after December 15, 2009.  Early application is permitted in financial statements that have not yet been issued.  The Plan’s adoption of this standard in 2009 had no material effect upon the Plan’s net assets available for benefits.

 

(d)       Investment Valuation and Income Recognition

 

The Plan’s investments are reported at fair value.  Purchases and sales of securities are recorded on a trade-date basis.  Interest income is recorded on the accrual basis.  Dividends are recorded on the ex-dividend date.

 

(e)        Administrative and Other Expenses

 

The expenses necessary to administer the Plan are paid out of Plan assets. Certain Plan related expenses may be paid by the Company at its discretion.

 

(f)        Payment of Benefits

 

Benefits are recorded when paid.

 

7



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(2)       Summary of Significant Accounting Policies (Continued)

 

 

(g)       Risk and Uncertainties

 

The Plan invests in various investment securities. These investment securities are exposed to various risks, such as interest rate, market, liquidity and credit risks. Due to the level of risk associated with certain investment securities and the sensitivity of certain fair value estimates to changes in valuation assumptions, it is at least reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect the participants’ account balances and the amounts reported in the statement of net assets available for benefits.

 

(3)       Fair Value Measurements

 

Fair value is defined as the price that would be received by the Plan for an asset or paid by the Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plan’s principal or most advantageous market for the asset or liability.  Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs.  The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and gives the lowest priority to unobservable inputs (Level 3 measurements).  The three levels of inputs within the fair value hierarchy are defined as follows:

 

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access as of the measurement date.

 

Level 2: Significant other observable inputs such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

 

Level 3: Significant unobservable inputs that reflect the Plan’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

 

In some cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.

 

8


 

 


Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(3)       Fair Value Measurements (Continued)

 

Investments measured at fair value on a recurring basis are summarized below (in thousands):

 

 

 

Fair Value Measurements

 

 

 

at December 31, 2009

 

 

 

Quoted Prices in

 

Significant

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

 

 

For Identical

 

Observable

 

Unobservable

 

 

 

Assets

 

Inputs

 

Inputs

 

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Investments (other than interest in participant loans):

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

 

Motorola, Inc. Common Stock

 

$

249,766

 

$

 

$

 

Collective Trust Funds

 

 

 

 

 

 

 

Domestic Equity

 

 

2,319,937

 

 

International Equity

 

 

732,174

 

 

Fixed Income

 

 

1,371,564

 

 

U.S. Government Agency Securities

 

 

1,098

 

 

U.S. Government Bonds

 

 

459

 

 

U.S. Government Mortgage Backed Securities

 

 

50,730

 

 

U.S. Inflation Indexed Government Bond

 

 

1,823

 

 

Domestic Corporate Debt

 

 

41,926

 

 

Foreign Corporate Debt

 

 

30,078

 

 

Foreign Government Agencies

 

 

22,933

 

 

Foreign Government Bonds

 

 

470

 

1,743

 

Foreign Municipal Bonds

 

 

1,474

 

 

Asset-Backed Securities

 

 

32,915

 

1,720

 

Commercial Mortgage Backed Securities

 

 

10,489

 

 

Guaranteed Fixed Income

 

 

18,475

 

 

Non-Government Backed CMOs

 

 

1,760

 

 

Other Fixed Income

 

 

29

 

 

Investments Under Securities Lending

 

 

41,221

 

 

Securities Lending Collateral Pool

 

 

42,392

 

 

 

 

$

249,766

 

$

4,721,947

 

$

3,463

 

 

9



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(3)       Fair Value Measurements (Continued)

 

Investments measured at fair value on a recurring basis are summarized below (in thousands):

 

 

 

Fair Value Measurements

 

 

 

at December 31, 2008

 

 

 

Quoted Prices in

 

Significant

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

 

 

for Identical

 

Observable

 

Unobservable

 

 

 

Assets

 

Inputs

 

Inputs

 

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

Investments, excluding participant loans

 

$

147,748

 

$

4,143,453

 

$

224

 

 

The table below presents a reconciliation of Plan investments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2009, including the reporting classifications for the applicable gains and losses included in the statement of changes in net assets available for benefits:

 

 

 

Fair Value Measurements using Significant

 

 

 

Unobservable Inputs (Level 3) (in thousands)

 

 

 

Corporate bonds

 

Foreign Govt

 

Asset Backed

 

Total

 

Beginning balance, January 1, 2009

 

$

224

 

$

 

$

 

$

224

 

Total unrealized and unrealized gains or losses

 

(27

)

1

 

 

(26

)

Included in change in net assets available for benefits:

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

 

 

 

 

Net realized and unrealized appreciation (depreciation)

 

 

(12

)

(4

)

(16

)

Purchases, sales, issuances and settlements (net)

 

(197

)

1,754

 

1,724

 

3,281

 

Transfers in and / or out of Level 3

 

 

 

 

 

Ending balance, December 31, 2009

 

$

 

$

1,743

 

$

1,720

 

$

3,463

 

 

10



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(3)       Fair Value Measurements (Continued)

 

The following are descriptions of the valuation methods and assumptions used for investments of the Plan, including securities loaned and collateral for securities loaned.

 

The fair values of publicly traded common stocks are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs).

 

Fair values of U.S. Treasury, agency, mortgage backed and inflation indexed securities are determined based on recent bid prices (Level 2 inputs).

 

Corporate bonds are valued based on yields currently available on comparable securities of issuers with similar credit ratings (Level 2 inputs).  When quoted prices are not available for identical or similar bonds, the bond is valued using matrix pricing, a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Certain corporate bonds are valued using extrapolated data, proprietary models, and indicative quotes (Level 3 inputs).

 

The fair values of investments in collective trusts are valued as determined by the custodian based on their net asset values and by the unit prices of actual purchase and sale transactions occurring as of or close to the financial statement date (Level 2 inputs). The investment objectives and underlying investments of the collective trusts vary, with some holding high-grade money market instruments with short maturities designed to provide for cash reserves while offering a competitive rate of return with principal preservation as a primary objective, some holding fixed income securities and designed to approximate the performance of the Barclay’s Capital Aggregate Bond Index, some holding diversified portfolios of large-cap domestic stocks designed to approximate the performance of the S&P 500 Index, some holding diversified portfolios of mid-cap domestic stocks designed to approximate the performance of the S&P 400 Mid Cap Index, some holding diversified portfolios of small-cap domestic stocks designed to approximate the performance of the Russell 2000 Index, and others holding a blend of various international stocks designed to approximate the performance of the Europe, Austrailasia, and Far East (EAFE) Index.  Each collective trust provides for daily redemptions by the Plan at reported net asset values per share, with no advance notice requirement.

 

Fair values of foreign government and agency securities and foreign municipal bonds are determined based on recent bid prices (Level 2 inputs). Certain foreign government securities are valued using extrapolated data, proprietary models, and indicative quotes (Level 3 inputs).

 

Fair values of asset backed securities, commercial mortgage backed securities, guaranteed fixed income, non-government backed commercial mortgage obligations, and other fixed income securities are determined based on recent bid prices (Level 2 investments). Certain asset backed securities are valued using extrapolated data, proprietary models, and indicative quotes (Level 3 inputs).

 

11



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(3)       Fair Value Measurements (Continued)

 

Fair values of certificates of deposit are estimated to approximate deposit account balances, payable on demand, as no discounts for credit quality or liquidity were determined to be applicable (Level 2 inputs).

 

Fair values of securities lending collateral pools have been determined to approximate the reported redemption values of $1.00 per unit, based upon recent transaction prices (Level 2 inputs).  While the collateral pools are managed to seek a constant $1.00 per share net asset value, net asset values per unit can fluctuate over time, and guarantees of principal are not provided.  The collateral pools invest primarily in short-term and medium-term debt instruments of high credit quality.

 

Participant loans are reported at amortized cost.  The fair value of participant loans is not practical to estimate due to restrictions placed on the transferability of the loans.

 

(4)       Party-in-Interest Transactions

 

Certain Plan assets are invested in participant loans or investments managed by The Northern Trust Company, the custodian and trustee of the Plan. Therefore, these transactions qualify as party-in-interest transactions. These transactions are not, however, considered prohibited transactions under section 408(b) of the ERISA regulations. The Plan paid certain administrative fees to the trustee, third-party administrator, and various investment managers which qualify as party-in-interest transactions.

 

At December 31, 2009 and 2008, the Plan had $249,765,602 and $147,748,093, respectively, invested in Company stock through a unitized investment fund managed by the trustee. The Plan held 32,186,289 and 33,351,714 shares of Company stock as of December 31, 2009 and 2008, respectively.

 

12



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(5)       Investments

 

At December 31, 2009, the fair value of individual investments which are 5% or more of net assets available for benefits are as follows (in thousands):

 

Northern Trust Collective Funds:

 

 

 

S&P 500 Equity Index Fund

 

$

1,545,171

 

S&P Midcap 400 Equity Index Fund

 

557,019

 

EAFE Index Fund

 

732,174

 

Collective Daily Aggregate Bond Fund

 

938,367

 

Short Term Investment Fund

 

433,197

 

Corporate Common Stock:

 

 

 

Motorola Inc

 

249,766

 

 

At December 31, 2008, the fair value of individual investments which are 5% or more of net assets available for benefits are as follows (in thousands):

 

Northern Trust Collective Funds:

 

 

 

S&P 500 Equity Index Fund

 

$

1,287,177

 

S&P Midcap 400 Equity Index Fund

 

384,907

 

EAFE Index Fund

 

566,283

 

Collective Daily Aggregate Bond Fund

 

883,359

 

Short Term Investment Fund

 

522,724

 

 

During 2009, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value as follows (in thousands):

 

U.S. Government and agencies securities

 

$

(899

)

Corporate and other bonds and debentures

 

6,998

 

Motorola, Inc. common stock

 

106,759

 

Investments in collective trusts

 

768,063

 

Other investments

 

730

 

Net appreciation in fair value of investments

 

$

881,651

 

 

13



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(6)       Securities Lending

 

The Plan has entered into securities lending transactions with broker/dealers for which fees are paid to the Plan. The securities are required to be 100% collateralized by cash, U.S. Government securities, or irrevocable bank letters of credit. The transferee may sell or re-pledge the securities loaned.  Fees earned on securities lending activity are included in interest income. Either party may terminate the lending agreement at any time and the collateral shall be used for any failure to deliver borrowed securities.

 

Fair value of securities loaned by type of investment and corresponding collateral that pertain to the Plan’s assets at December 31, 2009 were as follows (in thousands):

 

 

 

Securities

 

Collateralized by

 

 

 

under

 

 

 

Northern Trust

 

 

 

lending

 

 

 

Commingled

 

 

 

agreements

 

Cash

 

Investment Pool

 

U.S. Government and agency securities

 

$

21,672

 

$

 

$

22,289

 

U.S. Equities

 

37

 

 

38

 

Corporate bonds and debentures

 

19,512

 

 

20,065

 

Total securities lending in Plan

 

$

41,221

 

$

 

$

42,392

 

 

Fair value of securities loaned by type of investment and corresponding collateral that pertain to the Plan’s assets at December 31, 2008 were as follows (in thousands):

 

 

 

Securities

 

Collateralized by

 

 

 

under

 

 

 

Northern Trust

 

 

 

lending

 

 

 

Commingled

 

 

 

agreements

 

Cash

 

Investment Pool

 

U.S. Government and agency securities

 

$

63,042

 

$

 

$

64,337

 

U.S. Equities

 

13,666

 

 

13,766

 

Corporate bonds and debentures

 

12,551

 

 

12,797

 

Total securities lending in Plan

 

$

89,259

 

$

 

$

90,900

 

 

14



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(6)       Securities Lending (Continued)

 

Effective September 19, 2008, Northern Trust declared a collateral deficiency under its Securities Lending Authorization Agreement (“Lending Agreements”) with respect to five of its commingled cash collateral investment pools.  As a consequence of the collateral deficiency and because participating clients of the collateral pool hold the risk of loss on the collateral, Northern Trust has allocated a portion of the collateral deficiency to each participating client, including the Plan, with the Plan’s allocation being $1,153,592.

 

On September 29, 2008, Northern Trust made a cash payment to the collateral pool to partially reduce the Plan’s allocated portion of the collateral deficiency. In November 2009, Northern Trust approved a reduction to the collateral deficiency in the amount of $746,411.

 

The deficiency as of December 31, 2009 and 2008 was $222,954 and $1,149,762, respectively.  This is a liability of the Plan since the Plan has the obligation to repay the amount of the original collateral.  The total collateral obligation which is recorded as a liability on the Plan’s financial statements, including the deficiency, is $42,615,215 as of December 31, 2009.

 

In March of 2010 Northern Trust reversed the remaining collateral deficiency which left the Plan with no collateral deficiency liability as of that date.

 

(7)       Federal Income Taxes

 

The Plan has received a favorable determination letter dated November 21, 2002 from the Internal Revenue Service regarding the Plan’s Federal income tax status. The Plan qualifies under the provisions of Section 401(a) of the Internal Revenue Code (IRC) of 1986, as amended. The trust is exempt from Federal income taxes pursuant to the provisions of Section 501(a) of the Code. The Plan has been amended since receiving the determination letter. However, the plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC.

 

The Plan has filed an application with the Internal Revenue Service requesting an updated determination letter.

 

15



Table of Contents

 

MOTOROLA 401(k) PLAN

Notes to Financial Statements

December 31, 2009 and 2008

 

(8)       Transfer of Assets Relating to Acquisitions and Separations

 

The following net assets were transferred out of the Plan during the plan year ended December 31, 2009 as a result of the divestiture of a business previously owned by the Company (in thousands):

 

 

 

 

 

Amount

 

Effective date

 

Separation

 

Transferred
(out)

 

June 1, 2009

 

Biometrics

 

$

(2,059

)

 

(9)       Legal Matters

 

In the ordinary course of business, Motorola is a defendant on behalf of the Plan in various lawsuits, including actions filed by former participants. The Plan Sponsor believes these legal proceedings will not have a material adverse effect on the Plan or the financial results of the Plan.

 

(10)     Subsequent Events

 

On February 11, 2010, the Company announced that it is targeting the first quarter of 2011 for the completion of its planned separation into two independent, publicly traded companies. The Company currently expects that, upon separation, one public company will be comprised of the Company’s Mobile Devices and Home businesses and the other public company will be comprised of the Company’s Enterprise Mobility Solutions and Networks businesses.

 

After-tax contributions were added to the Plan effective April 1, 2010.  Participants will be able to contribute in whole percentage amounts up to 20% of their compensation for the year, and these contributions and earnings thereon will be 100% vested and non-forfeitable at all times.

 

Matching contributions will be reinstated to the Plan beginning July 1, 2010.  Participants will receive one dollar for each dollar they contribute in pretax contributions to the Plan, up to a maximum of 4 percent of eligible compensation.  The maximum amount of matching contributions for 2010 will be prorated due to the mid-year reinstatement and may not exceed 2 percent of eligible compensation for the entire year.

 

16


 

 

 


Table of Contents

 

Motorola 401(k) Plan

Form 5500 Schedule H, Part IV, Line 4i

Schedule of Assets (Held at End of Year)

December 31, 2009

 

Name of Plan Sponsor: Motorola, Inc.

Employer Identification Number: 36-1115800

Three-Digit Plan Number: 001

 

 

 

(b)

 

(c)

 

 

 

 

 

 

 

Identity of Issuer,

 

Description of Investment Including,

 

 

 

(In 1000’s)

 

 

Borrower, Lessor,

 

Maturity Date, rate of Interest,

 

(d)

 

(e)

 

(a)

 

or Similar Party

 

Collateral, Par or Maturity Value

 

Cost

 

Current Value

 

 

 

 

 

U.S. Treasury and Agency Securities

 

 

 

 

 

 

 

FHLMC

 

FEDERAL HOME LN BKS TRANCHE # TR 00846 4.72% DUE 09-20-2012 REG

 

**

 

2,224

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #1G-2524 5.961% 10-01-2036 BEO

 

**

 

684

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #G1-2215 5.5% 07-01-2021 BEO

 

**

 

483

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #G1-8331 5% 11-01-2024 BEO

 

**

 

1,334

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #J0-8473 4.5% 05-01-2023 BEO

 

**

 

1,214

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #J0-9100 4.5% 12-01-2023 BEO

 

**

 

447

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #J0-9304 4.5% 02-01-2024 BEO

 

**

 

1,488

 

 

 

FHLMC

 

FEDERAL HOME LN MTG CORP POOL #J0-9973 4.5% 06-01-2024 BEO

 

**

 

423

 

 

 

FHLMC

 

FHLMC GOLD C00632 7 07-01-2028

 

**

 

26

 

 

 

FHLMC

 

FHLMC GOLD C00647 6.5 09-01-2028

 

**

 

46

 

 

 

FHLMC

 

FHLMC GOLD G1-8205 6 09-01-2022

 

**

 

1,752

 

 

 

FHLMC

 

FHLMC MULTICLASS 05.500FGRM191215BE# 5.###-##-####

 

**

 

1,238

 

 

 

FHLMC

 

FHLMC MULTICLASS 4 12-15-2017

 

**

 

952

 

 

 

FHLMC

 

FHLMC MULTICLASS 5 12-15-2035

 

**

 

971

 

 

 

FHLMC

 

FHLMC MULTICLASS 5.5% CMO 15/12/2020 USD1000 ‘AB’ 5.5 12-15-2020

 

**

 

1,203

 

 

 

FHLMC

 

FHLMC MULTICLASS FEDERAL HOME LOAN MTG CORP 5.5 10-15-2029

 

**

 

1,226

 

 

 

FHLMC

 

FHLMC MULTICLASS PREASSIGN 00416 6 11-15-2027

 

**

 

297

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 1751 CL PK 8.0 MTG PARTN CTF DUE 09-15-2024 REG

 

**

 

352

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2467 CL NB 5 07-15-2017

 

**

 

445

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2590 CL PQ 4.5 05-15-2028

 

**

 

308

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2596 CL J 5 01-15-2017

 

**

 

128

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2603 CL LC 4 09-15-2028

 

**

 

482

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2649 CL QC 4.5 11-15-2016

 

**

 

801

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2665 CL WB 5.5 07-15-2027

 

**

 

250

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2672 CL HA 4 09-15-2016

 

**

 

313

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2841 CL PX 5.5 11-15-2027

 

**

 

415

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2862 CL TD 4.5 12-15-2014

 

**

 

304

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2938 CL WA 5 05-15-2026

 

**

 

98

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 2980 CL LB 5.5 06-15-2028

 

**

 

826

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3018 CL UD 5.5 09-15-2030

 

**

 

1,053

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3095 CL UA 5.5 06-15-2032

 

**

 

442

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3176 CL HL 5 02-15-2028

 

**

 

555

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3189 CL PJ 6 03-15-2030

 

**

 

299

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3211 CL KD 5.5 08-15-2028

 

**

 

366

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3211 CL PA 5.5 11-15-2029

 

**

 

1,015

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3553 CL GA 3.2 07-15-2019

 

**

 

1,231

 

 

 

FHLMC

 

FHLMC MULTICLASS SER 3558 CL AW 4.75 08-15-2019

 

**

 

1,242

 

 

 

FNMA

 

FHLMC POOL #1G-1393 ADJ RT 12-01-2036

 

**

 

898

 

 

 

FNMA

 

FHLMC POOL #1J-1522 ADJ RT 03-01-2037

 

**

 

976

 

 

 

FNMA

 

FNMA CMO SER 2003-31 CL KG 4.5 12-25-2028

 

**

 

33

 

 

 

FNMA

 

FNMA POOL #649654 7% DUE 07-01-2032 REG

 

**

 

16

 

 

 

FNMA

 

FNMA POOL #681377 5% DUE 01-01-2018 REG

 

**

 

932

 

 

 

FNMA

 

FNMA POOL #721552 ADJ RT DUE 07-01-2033 BEO

 

**

 

230

 

 

 

FNMA

 

FNMA POOL #748848 ADJ RT DUE 06-01-2037 BEO

 

**

 

531

 

 

 

FNMA

 

FNMA POOL #907572 ADJ RT DUE 12-01-2036 BEO

 

**

 

621

 

 

 

FNMA

 

FNMA POOL #910181 ADJ RT DUE 03-01-2037 REG

 

**

 

805

 

 

 

FNMA

 

FNMA POOL #920776 ADJ RT DUE 03-01-2034 REG

 

**

 

92

 

 

 

FNMA

 

FNMA POOL #931745 5% 08-01-2024 BEO

 

**

 

623

 

 

 

FNMA

 

FNMA POOL #988941 5% 09-01-2023 BEO

 

**

 

1,838

 

 

 

FNMA

 

FNMA POOL #990960 5.5% 09-01-2023 BEO

 

**

 

2,435

 

 

 

FNMA

 

FNMA POOL #AA1561 5% 02-01-2024 BEO

 

**

 

1,139

 

 

 

FNMA

 

FNMA POOL #AD0300 ADJ RT DUE 03-01-2038 BEO

 

**

 

381

 

 

 

FNMA

 

FNMA POOL #AD0339 5% DUE 10-01-2024 BEO

 

**

 

1,181

 

 

 

FNMA

 

FNMA PREASSIGN 00195 4.1 09-25-2031

 

**

 

1,436

 

 

 

FNMA

 

FNMA PREASSIGN 00638 5.5 11-25-2031

 

**

 

289

 

 

 

FNMA

 

FNMA REMIC SER 2005-38 CL DN 5 12-25-2017

 

**

 

192

 

 

 

FNMA

 

FNMA REMIC SER 2006-9 CL GA 5.5 01-25-2033

 

**

 

956

 

 

 

FNMA

 

FNMA REMIC SER 2007-36 CL BA 5 11-25-2024

 

**

 

914

 

 

 

FNMA

 

FNMA REMIC SER 2009-88 CL-HA 3 11-25-2024

 

**

 

1,933

 

 

 

FNMA

 

FNMA REMIC TR 2003-124 CL-AD 4.5 01-25-2029

 

**

 

337

 

 

 

FNMA

 

FNMA REMIC TR 2005-36 CL-BA 4.5 10-25-2026

 

**

 

113

 

 

 

FNMA

 

FNMA REMIC TR 2005-53 CL-MB 5.5 07-25-2029

 

**

 

1,666

 

 

 

FNMA

 

FNMA REMIC TR 2008-45 CL-DA 4.5 03-25-2023

 

**

 

715

 

 

 

FNMA

 

FNMA SERIES 2006-22 CLASS-CB 4.5 11-25-2021

 

**

 

531

 

 

 

GNMA

 

GNMA 4% DUE 05-16-2039

 

**

 

1,931

 

 

 

GNMA

 

GNMA POOL #780677 SER 2017 8% DUE 11-15-2017 REG

 

**

 

92

 

 

 

UNITED STATES GOVERNMENT

 

UNITED STATES TREAS NTS DTD 00223 1.375%DUE 03-15-2012 REG

 

**

 

150

 

 

17



Table of Contents

 

Motorola 401(k) Plan

Form 5500 Schedule H, Part IV, Line 4i

Schedule of Assets (Held at End of Year)

December 31, 2009

 

Name of Plan Sponsor: Motorola, Inc.

Employer Identification Number: 36-1115800

Three-Digit Plan Number: 001

 

 

 

(b)

 

(c)

 

 

 

 

 

 

 

Identity of Issuer,

 

Description of Investment Including,

 

 

 

(In 1000’s)

 

 

Borrower, Lessor,

 

Maturity Date, rate of Interest,

 

(d)

 

(e)

 

(a)

 

or Similar Party

 

Collateral, Par or Maturity Value

 

Cost

 

Current Value

 

 

 

UNITED STATES GOVERNMENT

 

UNITED STATES TREAS NTS DTD 00276 .75% DUE 11-30-2011 REG

 

**

 

2,980

 

 

 

UNITED STATES GOVERNMENT

 

UNITED STATES TREAS NTS NT 1.375% DUE 10-15-2012 REG

 

**

 

1,094

 

 

 

UNITED STATES GOVERNMENT

 

UNITED STATES TREAS NTS NT 1.875% DUE 02-28-2014 REG

 

**

 

3,914

 

 

 

UNITED STATES GOVERNMENT

 

UNITED STATES TREAS NTS T-NT 1% DUE 09-30-2011 REG

 

**

 

9,142

 

 

 

UNITED STATES GOVERNMENT

 

UNITED STATES TREAS NTS USD 2.125% DUE 11-30-2014 REG

 

**

 

2,099

 

 

 

UNITED STATES GOVERNMENT

 

US CENTRAL FEDERAL CRED 1.9 DUE 10-19-2012

 

**

 

3,847

 

 

 

UNITED STATES GOVERNMENT

 

UTD STATES TREAS NTS INFLATION-INDEXED NT 4.34266 DUE 01-15-2011 BEO

 

**

 

1,823

 

 

 

 

 

Total U.S. Treasury and Agency Securities ***

 

 

 

75,819

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other Debt Instruments - Preferred

 

 

 

 

 

 

 

COMMONWEALTH BANK AUST

 

PVTPL COMMONWEALTH BANK AUST TRANCHE # TR 00079 2.75% DUE 10-15-2012 BEO

 

**

 

1,108

 

 

 

NATL AUSTRALIA BK LTD

 

PVTPL NATL AUSTRALIA BK LTD GLOBAL MED TRANCHE # SR 00016 5.35 DUE 06-12-13

 

**

 

447

 

 

 

SUNCORP

 

SUNCORP METWAY LTD FLTG RT .62844% DUE 12-17-2010

 

**

 

2,571

 

 

 

WESTPAC

 

WESTPAC BKG CORP 2.25% DUE 11-19-2012

 

**

 

648

 

 

 

WESTPAC

 

WESTPAC BKG CORP 3.25 DUE 12-16-2011 BEO

 

**

 

1,239

 

 

 

CONOCO

 

CONOCO FDG CO 6.35% DUE 10-15-2011

 

**

 

1,219

 

 

 

FINANCEMENT

 

FINANCEMENT QUE NT 5 DUE 10-25-2012 BEO

 

**

 

686

 

 

 

EOG

 

PVTPL EOG CO CDA GTD NT 144A 7% DUE 12-01-2011/12-05-2001 BEO

 

**

 

419

 

 

 

TRANSCANADA

 

TRANSCANADA 8.625% DUE 05-15-2012

 

**

 

312

 

 

 

TELECOM

 

FRANCE TELECOM SA NT STEP UP 03-01-2011 02-01-2002

 

**

 

343

 

 

 

SANTA FE FINANCIAL CORP

 

PVTPL SFEF NT 144A 2.25 DUE 06-11-2012 BEO

 

**

 

1,941

 

 

 

DEUTSHE BANK

 

DEUTSCHE BK 5.375 DUE 10-12-2012

 

**

 

216

 

 

 

DEUTSHE BANK

 

DEUTSCHE BK AG 4.875% DUE 05-20-2013

 

**

 

637

 

 

 

DEUTSHE BANK

 

DEUTSCHE BK AG GLOBAL MEDIUM TERM NTS BOTRANCHE # TR 00182 5 DUE 10-12-2010

 

**

 

373

 

 

 

DIAGEO

 

DIAGEO FIN BV 3.875% DUE 04-01-2011

 

**

 

155

 

 

 

RABOBANK

 

RABOBANK NEDERLAND 2.65% BDS 17/08/12 USD1000’144A’ 2.65% DUE 08-17-2012

 

**

 

961

 

 

 

NATL INTL LTD

 

ANZ NATL INTL LTD MEDIUM TERM NTS BOOK ETRANCHE # TR 00011 2.375 DUE 12-21-2012

 

**

 

243

 

 

 

NATL INTL LTD

 

PVTPL ANZ NATL INTL LTD MEDIUM TERM NTS BK E TRANCHE # TR 00009 6.2 7-19-13

 

**

 

1,136

 

 

 

RAS LAFFAN LIQUIFIED NAT GAS CO

 

PVTPL RAS LAFFAN LIQUEFIED NAT GAS CO LTD 3 GTD NT SER E 144A 4.5 DUE 09-30-12

 

**

 

594

 

 

 

TELEFONICA EMISIONES

 

TELEFONICA EMISIONES S A U SR NT FLTG VAR RT DUE 02-04-2013/02-03-2013

 

**

 

694

 

 

 

NORDEA BK

 

NORDEA BK AG 2.5% DUE 11-13-2012

 

**

 

408

 

 

 

SVENSKA HANDELSBANKEN

 

PVTPL SVENSKA HANDELSBANKEN AB 2.875 DUE09-14-2012 REG

 

**

 

1,006

 

 

 

SWEDISH EXPT

 

SWEDISH EXPT CR FLTG RT 1% DUE 08-14-2014

 

**

 

880

 

 

 

ASTRAZENECA PLC

 

ASTRAZENECA PLC 5.4 DUE 09-15-2012 BEO

 

**

 

808

 

 

 

BARCLAYS

 

BARCLAYS BK PLC 2.5% DUE 01-23-2013

 

**

 

519

 

 

 

BARCLAYS

 

BARCLAYS BK PLC SR NT 5.2 DUE 07-10-2014

 

**

 

901

 

 

 

BRITISH PETROLEUM

 

BP CAP MKTS P L C GTD NT 3.125 DUE 03-10-2012 REG

 

**

 

427

 

 

 

DIAGEO

 

DIAGEO CAP PLC DIAGEO CAP PLC 5.2% DUE 01-30-2013 BEO

 

**

 

310

 

 

 

GLAXOSMITHKLINE

 

GLAXOSMITHKLINE 4.85% DUE 05-15-2013

 

**

 

284

 

 

 

NATIONWIDE

 

NATIONWIDE BLDG 2.5% DUE 08-17-2012

 

**

 

3,929

 

 

 

LLOYDS TSB BK

 

PVTPL LLOYDS TSB BK PLC NT 144A 2.8% DUE04-02-2012 BEO

 

**

 

1,673

 

 

 

ROYAL BANK

 

ROYAL BK SCOTLAND 1.5% DUE 03-30-2012

 

**

 

1,287

 

 

 

3M

 

3M CO MEDIUM TERM NTS BOOK ENTRY TRANCHE# TR 00004 12/14/07 4.65 DUE

 

**

 

319

 

 

 

AMERICREDIT

 

AMERICREDIT 3.93% DUE 10-06-2011

 

**

 

239

 

 

 

AMERICREDIT

 

AMERICREDIT AUTOMOBILE RECEIVABLES TR SER 2005-DA CL A-4 5.02 11-06-2012 BEO

 

**

 

657

 

 

 

AMERN HOME

 

AMERN HOME PRODS STEP CPN 6.95% DUE 03-15-2011

 

**

 

433

 

 

 

APACHE

 

APACHE CORP NT DTD 04/11/2002 6.25 DUE 04-15-2012/04-14-2012 BEO

 

**

 

561

 

 

 

AT&T

 

AT&T INC GLOBAL NT 4.95% DUE 01-15-2013/12-06-2007 BEO

 

**

 

907

 

 

 

AT&T

 

AT&T WIRELESS SVCS INC SR NT 7.875% DUE 03-01-2011/02-28-2011 BEO

 

**

 

258

 

 

 

BANK OF AMERICA

 

BANK AMER CORP 6.25% DUE 04-15-2012

 

**

 

204

 

 

 

BAY VIEW

 

BAY VIEW 2005-3 5.01% DUE 06-25-2014

 

**

 

131

 

 

 

BB&T

 

BB&T CORP SR 3.1% DUE 07-28-2011

 

**

 

438

 

 

 

BERKSHIRE

 

BERKSHIRE HATHAWAY 4% DUE 04-15-2012

 

**

 

225

 

 

 

BERKSHIRE

 

BERKSHIRE HATHAWAY FIN CORP GTD SR NT 4.125% DUE 01-15-2010/01-11-2005 REG

 

**

 

1,001

 

 

 

BHP FINANCE

 

BHP FIN USA LTD 8.5% GTD DEBS 1/12/2012 USD1000 8.5% DUE 12-01-2012 REG

 

**

 

310

 

 

 

BANK OF NEW YORK

 

BK NY INC MEDIUM TERM SR NTS BOO TRANCHE# TR 00029 4.95 DUE 11-01-2012

 

**

 

1,104

 

 

 

BMW

 

BMW VEH LEASE TR 2.04% DUE 04-15-2011

 

**

 

829

 

 

 

BOEING

 

BOEING CO 5.125 DUE 02-15-2013/02-14-2013 BEO

 

**

 

534

 

 

 

BOTTLING GROUP

 

BOTTLING GROUP LLC SR NT 4.625 DUE 11-15-2012/11-14-2012 BEO

 

**

 

438

 

 

 

BOTTLING GROUP

 

BOTTLING GROUP LLC SR NT 6.95% DUE 03-15-2014/10-24-2008 REG

 

**

 

748

 

 

 

BSCH ISSUANCES LTD

 

BSCH ISSUANCES LTD SUB NT DTD 09/14/20007.625% DUE 09-14-2010 BEO

 

**

 

440

 

 

 

CAMPBELL SOUP

 

CAMPBELL SOUP CO NT DTD 02/28/2001 6.75 DUE 02-15-2011 BEO

 

**

 

325

 

 

 

CAPITAL AUTO

 

CAP AUTO 5.38999986649% DUE 02-18-2014

 

**

 

1,359

 

 

 

CAPITAL AUTO

 

CAPITAL AUTO RECEIVABLES ASSET TR 2008-2ASSET BACKED NT CL A2B 03-15-2011 BEO

 

**

 

136

 

 

 

CARMAX

 

CARMAX AUTO OWNER 1.74000000954% DUE 04-15-2014

 

**

 

897

 

 

 

CATERPILLAR

 

CATERPILLAR FINL 4.09000015259% DUE 12-27-2010

 

**

 

107

 

 

 

CATERPILLAR

 

CATERPILLAR FINL FLTG RT .74875% DUE 08-06-2010

 

**

 

426

 

 

 

CHEVRON

 

CHEVRON CORP NT 3.45 DUE 03-03-2012 REG

 

**

 

572

 

 

18



Table of Contents

 

Motorola 401(k) Plan

Form 5500 Schedule H, Part IV, Line 4i

Schedule of Assets (Held at End of Year)

December 31, 2009

 

Name of Plan Sponsor: Motorola, Inc.

Employer Identification Number: 36-1115800

Three-Digit Plan Number: 001

 

 

 

(b)

 

(c)

 

 

 

 

 

 

 

Identity of Issuer,

 

Description of Investment Including,

 

 

 

(In 1000’s)

 

 

Borrower, Lessor,

 

Maturity Date, rate of Interest,

 

(d)

 

(e)

 

(a)

 

or Similar Party

 

Collateral, Par or Maturity Value

 

Cost

 

Current Value

 

 

 

CISCO

 

CISCO SYS INC SR NT 5.25% DUE 02-22-2011REG

 

**

 

367

 

 

 

CITIBANK

 

CITIBANK CR CARD 2.25% DUE 12-23-2014

 

**

 

1,015

 

 

 

CITIGROUP

 

CITIGROUP INC GLOBAL SR NT 6.5% DUE 08-19-2013 BEO

 

**

 

644

 

 

 

BEAR STEARNS

 

CMO BEAR STEARNS COML MTG SECS INC SER 2004-TP16 CL-A3 4.03 08-13-2046 REG

 

**

 

253

 

 

 

BEAR STEARNS

 

CMO BEAR STEARNS INC COML MTG PSTRU CTF CL A-2 2001-TOP2 6.48 4-15-11 BE

 

**

 

2,251

 

 

 

CARMAX

 

CMO CARMAX AUTO OWNER TR 2006-1 SERIES 2006-1 CLASS-A4 DUE 06-15-2011 REG

 

**

 

1,133

 

 

 

GE

 

CMO GE COML MTG CORP GECMC 2003-C1 A3 4.371% DUE 01-10-2038 BEO

 

**

 

420

 

 

 

GREENWICH

 

CMO GREENWICH CAP COML FDG CORP 2005-GG3COML MTG PASSTHRU A-AB 8-10-42 BEO

 

**

 

416

 

 

 

J P MORGAN CHASE

 

CMO J P MORGAN CHASE COML MTG SECS CORP 4.262 DUE 08-12-2040 REG

 

**

 

894

 

 

 

J P MORGAN CHASE

 

CMO J P MORGAN CHASE COML MTG SECS CORP SER 2005-LDP1 CL A-SB 4.853 3-15-2046BEO

 

**

 

200

 

 

 

J P MORGAN CHASE

 

CMO J P MORGAN CHASE COML MTG SECS SER 2006-CB16 CL A1 5.338 5-12-2045 REG

 

**

 

191

 

 

 

J P MORGAN CHASE

 

CMO J P MORGAN CHASE COML MTG SECS TR 2006-L CL A-1 5.831 DUE 04-15-2045 BEO

 

**

 

459

 

 

 

J P MORGAN CHASE

 

CMO J P MORGAN CHASE COML MTG SECS TR 2007-C 5.538 DUE 02-12-2049 REG

 

**

 

531

 

 

 

J P MORGAN CHASE

 

CMO J P MORGAN CHASE COML MTG SECS TR 2007-C CL A1 5.32 DUE 06-12-2047 BEO

 

**

 

267

 

 

 

LB-UBS

 

CMO LB-UBS COML MTG TR 2000-C5 COML MTG PASSTHRU CTF CL A-2 6.51 12-15-26

 

**

 

574

 

 

 

MORGAN STANLEY

 

CMO MORGAN STANLEY CAP I INC SER 2005-HQ5 CL A2 4.809% DUE 01-14-2042 BEO

 

**

 

75

 

 

 

PRUDENTIAL

 

CMO PRUDENTIAL SECS SECD FING CORP 1999-C2 CL F DUE 06-16-2031 REG

 

**

 

603

 

 

 

WACHOVIA

 

CMO WACHOVIA BK COML MTG TR SER 2005-C17CL APB 5.037 DUE 03-15-2042 REG

 

**

 

1,427

 

 

 

WELLS FARGO

 

CMO WELLS FARGO MTG BKD SECS 2005-AR16 TR CL III-A-1 DUE 10-25-2035 REG

 

**

 

443

 

 

 

CNH

 

CNH EQUIP TR 4.06 DUE 10-17-2011

 

**

 

689

 

 

 

CNH

 

CNH EQUIP TR 5.21000003815% DUE 12-15-2011

 

**

 

82

 

 

 

COCA COLA

 

COCA COLA ENTERPRISES INC NT 3.75% DUE 03-01-2012 REG

 

**

 

109

 

 

 

COMERICA BK

 

COMERICA BK TRANCHE FLTG # TR 00187 05/10/07 DUE 05-10-2010 REG

 

**

 

649

 

 

 

CONS NAT GAS CO

 

CONS NAT GAS CO SR NT SER C 6.25 DUE 11-01-2011 BEO

 

**

 

490

 

 

 

CONSOLIDATED EDISON CO

 

CONSOLIDATED EDISON CO N Y INC DEB SER 2009A 5.55% DUE 04-01-2014 REG

 

**

 

327

 

 

 

COOPER U S INC

 

COOPER U S INC SR NT 5.25% DUE 11-15-2012/04-19-2006 REG

 

**

 

638

 

 

 

COUNTRYWIDE HOMELNS INC

 

COUNTRYWIDE HOME LNS INC MEDIUM TERM NTS# TR 00313 4 DUE 03-22-2011 REG

 

**

 

449

 

 

 

CREDIT SUISSE 1ST BSTN

 

CR SUISSE 1ST BSTN 6.5% DUE 01-15-2012

 

**

 

169

 

 

 

CREDIT SUISSE 1ST BSTN

 

CR SUISSE 1ST BSTN USA INC 6.125 DUE 11-15-2011/11-14-2011 BEO

 

**

 

701

 

 

 

CREDIT SUISSE 1ST BSTN

 

CREDIT SUISSE FIRST BOSTON USA INC NT 4.875% DUE 08-15-2010

 

**

 

267

 

 

 

DAIMLERCHRYSLER

 

DAIMLERCHRYSLER 5% DUE 02-08-2012

 

**

 

229

 

 

 

DAIMLERCHRYSLER

 

DAIMLERCHRYSLER AUTO TR 2006-D SERIES 2006-D CLASS-A4 02-08-2012 REG

 

**

 

1,423

 

 

 

JOHN DEERE

 

DEERE JOHN CAP CORP MEDIUM TERM NTS-BOOKENTRY SR NT 4.5% DUE 04-03-2013

 

**

 

525

 

 

 

DISNEY

 

DISNEY WALT CO 5.7 DUE 07-15-2011 BEO

 

**

 

730

 

 

 

DISNEY

 

DISNEY WALT CO NEW MEDIUM TERM NTS BOOK TRANCHE # TR 00046 6.375 DUE 03-01-2012

 

**

 

229

 

 

 

DU PONT

 

DU PONT E I DE 5% DUE 07-15-2013

 

**

 

377

 

 

 

DUKE

 

DUKE ENERGY OH INC 2.1% DUE 06-15-2013

 

**

 

222

 

 

 

ENERGY EAST CORP

 

ENERGY EAST CORP 8.05% DUE 11-15-2010

 

**

 

381

 

 

 

FORD

 

FORD CR AUTO OWNER 1.50999999046% DUE 01-15-2014

 

**

 

1,144

 

 

 

FORD

 

FORD CR AUTO OWNER 2.17000007629% DUE 10-15-2013

 

**

 

884

 

 

 

FORD

 

FORD CR AUTO OWNER 3.24000000954% DUE 08-15-2011

 

**

 

592

 

 

 

FORD

 

FORD CR AUTO OWNER 5.15% DUE 11-15-2011

 

**

 

725

 

 

 

FORD

 

FORD CR AUTO OWNER 5.15000009537% DUE 02-15-2012

 

**

 

1,217

 

 

 

FORD

 

FORD CR AUTO OWNER 5.40000009537% DUE 08-15-2011

 

**

 

175

 

 

 

GE

 

GEN ELEC CAP CORP FLTG RT .37875% DUE 11-01-2012

 

**

 

1,519

 

 

 

GE

 

GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00551 6 DUE 06-15-2012

 

**

 

264

 

 

 

GE

 

GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00654 4.25 9-13-2010 REG

 

**

 

514

 

 

 

GOLDMAN SACHS

 

GOLDMAN SACHS GROUP INC NT 6.875 DUE 01-15-2011 BEO

 

**

 

440

 

 

 

GOLDMAN SACHS

 

GOLDMAN SACHS GROUP INC SR NTS 5.45 DUE 11-01-2012 BEO

 

**

 

484

 

 

 

GREEN TREE

 

GREEN TREE FINL CORP 1995-3 MFD HSG SR/SUB PASSTHRU CL M-1 7.95 08-15-2025

 

**

 

38

 

 

 

HARLEY

 

HARLEY DAVIDSON 1.87000000477% DUE 02-15-2014

 

**

 

732

 

 

 

HARLEY

 

HARLEY DAVIDSON 3.19000005722% DUE 11-15-2013

 

**

 

1,277

 

 

 

HARLEY

 

HARLEY-DAVIDSON MOTORCYCLE TR 2006-3 BKD NT CL B 5.43 DUE 11-15-2014 REG

 

**

 

727

 

 

 

HEWLETT

 

HEWLETT PACKARD CO 4.5% DUE 03-01-2013

 

**

 

530

 

 

 

HEWLETT

 

HEWLETT PACKARD CO FLT RT NT DUE 03-01-2012 BEO

 

**

 

350

 

 

 

HONDA

 

HONDA AUTO 5.09999990463% DUE 03-18-2011

 

**

 

195

 

 

 

HSBC

 

HSBC AUTOMOTIVE TR 4.94% DUE 11-17-2012

 

**

 

330

 

 

 

HSBC

 

HSBC AUTOMOTIVE TR 5.34000015259% DUE 09-17-2013

 

**

 

1,258

 

 

 

HSBC

 

HSBC AUTOMOTIVE TR FLTG RT 5.3% DUE 11-17-2011

 

**

 

197

 

 

 

HSBC

 

HSBC AUTOMOTIVE TR USA 2006-1 AUTO REC CL A-4 5.53 DUE 03-18-2013 REG

 

**

 

556

 

 

 

HSBC

 

HSBC FINANCE CORP 6.375% DUE 10-15-2011

 

**

 

973

 

 

 

HYUNDAI

 

HYUNDAI AUTO 5.03999996185% DUE 01-17-2012

 

**

 

147

 

 

 

IBM

 

INTERNATIONAL BUSINESS MACHS CORP IBM CORP 6 5 10 15 13 6.5 DUE 10-15-2013 BEO

 

**

 

629

 

 

 

IBM

 

INTL BUSINESS MACHS CORP IBM CORP 4.75 DUE 11-29-2012

 

**

 

252

 

 

 

J P MORGAN CHASE

 

JPMORGAN CHASE & CO FORMERLY J P MORGAN 5.375 DUE 10-01-2012 BEO

 

**

 

974

 

 

 

J P MORGAN CHASE

 

JPMORGAN CHASE & CO FORMERLY J P MORGAN SR NT 5.6 DUE 06-01-2011 REG

 

**

 

439

 

 

 

LB-UBS

 

LB-UBS COML MTG TR 2008-C1 MTG PASSTHRU CTF CL A-1 5.611 4-15-41 REG

 

**

 

604

 

 

 

LILLY ELI

 

LILLY ELI & CO 3.55% DUE 03-06-2012

 

**

 

219

 

 

19



Table of Contents

 

Motorola 401(k) Plan

Form 5500 Schedule H, Part IV, Line 4i

Schedule of Assets (Held at End of Year)

December 31, 2009

 

Name of Plan Sponsor: Motorola, Inc.

Employer Identification Number: 36-1115800

Three-Digit Plan Number: 001

 

 

 

(b)

 

(c)

 

 

 

 

 

 

 

Identity of Issuer,

 

Description of Investment Including,

 

 

 

(In 1000’s)

 

 

Borrower, Lessor,

 

Maturity Date, rate of Interest,

 

(d)

 

(e)

 

(a)

 

or Similar Party

 

Collateral, Par or Maturity Value

 

Cost

 

Current Value

 

 

 

LINCOLN NATL CORP

 

LINCOLN NATL CORP IND BD 5.65 DUE 08-27-2012 BEO

 

**

 

186

 

 

 

LINCOLN NATL CORP

 

LINCOLN NATL CORP IND NT 4.75% DUE 02-15-2014 REG

 

**

 

90

 

 

 

MERCK

 

MERCK & CO INC NT 4% DUE 06-30-2015/06-25-2009

 

**

 

459

 

 

 

MERRILL AUTO

 

MERRILL AUTO TR 4.26999998093% DUE 12-15-2010

 

**

 

161

 

 

 

MERRILL LYNCH

 

MERRILL LYNCH & CO INC MEDIUM TERM NTS BTRANCHE # TR 00456 4.25 2-8-2010 REG

 

**

 

502

 

 

 

METLIFE

 

METLIFE INC 6.125% DUE 12-01-2011

 

**

 

521

 

 

 

MORGAN STANLEY

 

MORGAN STANLEY & 4.25% DUE 05-15-2010

 

**

 

289

 

 

 

NATL RURAL UTILS

 

NATL RURAL UTILS 2.625% DUE 09-16-2012

 

**

 

453

 

 

 

NELNET STUDENT LN

 

NELNET STUDENT LN TR 2007-1 LN ASSET BKDNT CL A-1 VAR RATE 11-27-2018 REG

 

**

 

1,400

 

 

 

NISSAN

 

NISSAN AUTO 2.94000005722% DUE 07-15-2011

 

**

 

681

 

 

 

NISSAN

 

NISSAN AUTO 3.8900001049% DUE 08-15-2011

 

**

 

339

 

 

 

NISSAN

 

NISSAN AUTO LEASE 2.00999999046% DUE 04-15-2011

 

**

 

880

 

 

 

NISSAN

 

NISSAN AUTO LEASE 2.07% DUE 01-15-2015

 

**

 

855

 

 

 

NUCOR

 

NUCOR CORP 5% DUE 06-01-2013

 

**

 

371

 

 

 

OCCIDENTAL PETE CORP

 

OCCIDENTAL PETE CORP C CRP OXY 7% DUE 11-01-2013/10-21-2008 BEO

 

**

 

747

 

 

 

ORACLE

 

ORACLE CORP / 5% DUE 01-15-2011

 

**

 

468

 

 

 

ORACLE

 

ORACLE CORP ORACLE CORP VAR RT DUE 05-14-2010

 

**

 

515

 

 

 

PACCAR INC

 

PACCAR INC MEDIUM TERM NTS BOOK ENTRY TRANCHE # TR 00002 6.375 DUE 02-15-2012

 

**

 

92

 

 

 

PFIZER

 

PFIZER INC NT 4.45 DUE 03-15-2012

 

**

 

206

 

 

 

PRAXAIR

 

PRAXAIR INC FLTG RT .34169% DUE 05-26-2010

 

**

 

340

 

 

 

PRAXAIR

 

PRAXAIR INC PRAXAIR NEW DEAL 6.375 DUE 04-01-2012 BEO

 

**

 

66

 

 

 

PRINCIPAL

 

PRIN LIFE INC FLTG RT .42875% DUE 11-08-2013

 

**

 

260

 

 

 

PRINCIPAL

 

PRIN LIFE INC FUNDINGS TRS SECD TRANCHE # TR 00010 5.1 DUE 04-15-2014 REG

 

**

 

209

 

 

 

PRINCIPAL

 

PRIN LIFE INC FUNDINGS TRS SECD TRANCHE # TR 00555 5.15 DUE 06-17-2011

 

**

 

437

 

 

 

PRUDENTIAL

 

PRUDENTIAL FINL INC MEDIUM TERM NTS BOOKENTRY NT 4.5 DUE 07-15-2013 REG

 

**

 

435

 

 

 

HONDA

 

PVTPL AMERN HONDA FIN TRANCHE # TR 00609DUE 06-02-2011 REG

 

**

 

446

 

 

 

BANK OF AMERICA

 

PVTPL BANK AMER AUTO TR 2009-2 NT A-3 144A TALF 2.13% DUE 09-16-2013 BEO

 

**

 

909

 

 

 

BANK OF AMERICA

 

PVTPL BANK AMER AUTO TR 2009-3 NT CL A-3TALF 144A 1.67% DUE 12-15-2013 BEO

 

**

 

1,297

 

 

 

BMW

 

PVTPL BMW FLOORPLAN MASTER OWNER TR 09-1VEH BKD NT CL A 144A VAR DUE 09-15-14

 

**

 

1,250

 

 

 

GE DEALER

 

PVTPL GE DEALER MASTER NT TR 2009-2 AST BKD NT CL A 144A FLTG DUE 10-20-2014

 

**

 

600

 

 

 

JPMORGAN

 

PVTPL JPMORGAN AUTO RECEIVABLES SER 2006-A CL A4 144A 5.14 12-15-2014 BEO

 

**

 

670

 

 

 

MASSMUTUAL

 

PVTPL MASSMUTUAL GLOBAL FDG II MEDIUM TERM NTS NT 144A 3.625 7-16-2012 BEO

 

**

 

1,078

 

 

 

METLIFE

 

PVTPL MET LIFE GLOBAL FDG I MEDIUM TE 144A 5.125 DUE 11-09-2011 BEO

 

**

 

215

 

 

 

METLIFE

 

PVTPL METROPOLITAN LIFE GLOBAL FDG I SR NT 144A 5.125% DUE 04-10-2013 BEO

 

**

 

228

 

 

 

NEW YORK LIFE

 

PVTPL NEW YORK LIFE GLOBAL FDG TRANCHE #TR 00017 2.25 DUE 12-14-2012 BEO

 

**

 

482

 

 

 

PRIOCOA

 

PVTPL PRICOA GLOBAL FDG I 144A 5.4% DUE 10-18-2012 BEO

 

**

 

626

 

 

 

ROCHE HLDGS INC

 

PVTPL ROCHE HLDGS INC GTD NT 144A 4.5% DUE 03-01-2012 BEO

 

**

 

1,313

 

 

 

WESTPAC

 

PVTPL WESTPAC SECS NZ LTD LONDON BRH EXTENDIBL 2.5 DUE 05-25-2012 REG

 

**

 

1,541

 

 

 

SBC

 

SBC COMMUNICATIONS INC GLOBAL NT 5.875 DUE 02-01-2012/01-31-2012 BEO

 

**

 

514

 

 

 

SIMON PPTY GROUP

 

SIMON PPTY GROUP L 4.6% DUE 06-15-2010

 

**

 

507

 

 

 

SLM STUDENT LN

 

SLM STUDENT LN TR 2005-8 STUDENT LN-BKD NT CL A-2 VAR 07-25-2022 REG

 

**

 

1,523

 

 

 

TRIAD

 

TRIAD AUTOMOBILE RECEIVABLES TR 2006-B A3 5.41 DUE 08-12-2011 BEO

 

**

 

38

 

 

 

US BANKCORP

 

U S BANCORP MEDIUM TERM NTS- BOOK ENTRY MTN 2.125% DUE 02-15-2013

 

**

 

178

 

 

 

US BANKCORP

 

U S BANCORP MEDIUM TERM NTS- BOOK ENTRY MTN 4.5% DUE 07-29-2010

 

**

 

256

 

 

 

U S BK NTL ASSN MINNEAPOLIS MNN

 

U S BK NATL ASSN MINNEAPOLIS MINN MEDIUMTRANCHE # SB 00002 6.3 2-4-14REG

 

**

 

886

 

 

 

UNITED HEALTH GROUP

 

UNITEDHEALTH GROUP 5.25% DUE 03-15-2011

 

**

 

518

 

 

 

USAA AUTO

 

USAA AUTO OWNER TR 2.6400001049% DUE 08-15-2011

 

**

 

452

 

 

 

USAA AUTO

 

USAA AUTO OWNER TR 4.15999984741% DUE 04-16-2012

 

**

 

250

 

 

 

UTD

 

UTD TECHNOLOGIES 6.35% DUE 03-01-2011

 

**

 

212

 

 

 

VERIZON GLOBAL

 

VERIZON GLOBAL FDG 7.375% DUE 09-01-2012

 

**

 

524

 

 

 

VERIZON WIRELESS

 

VERIZON WIRELESS 5.55% DUE 02-01-2014

 

**

 

678

 

 

 

VOLKSWAGEN

 

VOLKSWAGEN AUTO 2.86999988556% DUE 07-15-2011

 

**

 

345

 

 

 

WACHOVIA

 

WACHOVIA AUTO 4.80999994278% DUE 09-20-2012

 

**

 

1,544

 

 

 

WACHOVIA

 

WACHOVIA AUTO LN OWNER TR 2006-1 AST BACKED NT CL A-4 144A 5.08 4-20-2012 BEO

 

**

 

179

 

 

 

WACHOVIA

 

WACHOVIA CORP GLOBAL MEDIUM TERM SR NTS SR 00026 07/31/06 DUE 08-01-2013 REG

 

**

 

1,060

 

 

 

WAL-MART

 

WAL-MART STORES INC NT 4.125% DUE 07-01-2010 BEO

 

**

 

571

 

 

 

WAL-MART

 

WAL-MART STORES INC WAL-MART STORES 4.125% DUE 02-15-2011 BEO

 

**

 

642

 

 

 

WELLS FARGO

 

WELLS FARGO & CO NEW SUB GLOBAL NT 6.375% DUE 08-01-2011 BEO

 

**

 

639

 

 

 

WYETH

 

WYETH 5.5% DUE 03-15-2013

 

**

 

707

 

 

 

 

 

Total Corporate and Other Debt Instruments - Preferred ***

 

 

 

115,048

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other Debt Instruments - Other

 

 

 

 

 

 

 

DEUTSHE BANK

 

DEUTSCHE TELEKOM INTL FIN B V GTD NT STEP UP 06-15-2010

 

**

 

336

 

 

 

AB

 

AB SVENSK EXPORTKREDIT - SWEDISH EXPT CRTRANCHE # TR00044 4.875 01-19-2010 REG

 

**

 

1,002

 

 

 

BRITISH

 

BRITISH TELECOMMUNICATIONS PLC SR NT 5.15% DUE 01-15-2013 REG

 

**

 

365

 

 

 

5TH 3RD BANK

 

5TH 3RD BK CIN OH MEDIUM TE TRANCHE # SR00014 4.2 DUE 02-23-2010 BEO

 

**

 

502

 

 

 

AMERICREDIT

 

AMERICREDIT AUTOMOBILE RECEIVABLES TR 20SER 2006-BG CL A4 5.21 9-06-2013BEO

 

**

 

916

 

 

 

AOL

 

AOL TIME WARNER INC 6.875 DUE 05-01-2012BEO

 

**

 

438

 

 

20



Table of Contents

 

Motorola 401(k) Plan

Form 5500 Schedule H, Part IV, Line 4i

Schedule of Assets (Held at End of Year)

December 31, 2009

 

Name of Plan Sponsor: Motorola, Inc.

Employer Identification Number: 36-1115800

Three-Digit Plan Number: 001

 

 

 

(b)

 

(c)

 

 

 

 

 

 

 

Identity of Issuer,

 

Description of Investment Including,

 

 

 

(In 1000’s)

 

 

Borrower, Lessor,

 

Maturity Date, rate of Interest,

 

(d)

 

(e)

 

(a)

 

or Similar Party

 

Collateral, Par or Maturity Value

 

Cost

 

Current Value

 

 

 

ATMOS

 

ATMOS ENERGY CORP SR NT DTD 05/22/2001 7.375% DUE 05-15-2011/05-22-2001 BEO

 

**

 

320

 

 

 

BURLINGTON NORTHN SANTA FE

 

BURLINGTON NORTHN SANTA FE CORP CRP BNI 5.9% DUE 07-01-2012/06-30-2012 BEO

 

**

 

434

 

 

 

CAPITAL ONE

 

CAP 1 BK MTN SR BK NTS BOOK TRANCHE # TR00176 5.75 DUE 09-15-2010 REG

 

**

 

361

 

 

 

CHASE

 

CHASE ISSUANCE TR 2009-7 NT CL A 09-17-2012 REG

 

**

 

1,327

 

 

 

CITIGROUP

 

CITIGROUP INC NT 4.125% DUE 02-22-2010 BEO

 

**

 

502

 

 

 

GMAC

 

CMO GMACM MTG LN TR 2004-J1 CL A-15 5.25% DUE 04-25-2034 REG

 

**

 

27

 

 

 

LB-UBS

 

CMO LB-UBS COML MTG TR 2005-C2 CTF CL A-AB 5.007% DUE 04-15-2030 REG

 

**

 

1,324

 

 

 

COMCAST

 

COMCAST CORP NEW NT 5.5 DUE 03-15-2011/03-14-2011 BEO

 

**

 

523

 

 

 

CONAGRA

 

CONAGRA FOODS INC SR NT 5.875 DUE 04-15-2014

 

**

 

436

 

 

 

CVS

 

CVS CAREMARK CORP SR NT 5.75% DUE 08-15-2011 BEO

 

**

 

1,100

 

 

 

FORD

 

FORD CR AUTO LEASE NT CL A-1 TALF 144A 3C7 1.23745 06-15-2010

 

**

 

157

 

 

 

GENERAL MILLS

 

GENERAL MLS INC 5.65% DUE 09-10-2012

 

**

 

462

 

 

 

GMAC

 

GMACM HOME EQTY LN 6.30999994278% DUE 05-25-2036

 

**

 

15

 

 

 

GOLDMAN SACHS

 

GS AUTO LN TR 4.56% DUE 11-15-2013

 

**

 

313

 

 

 

HARLEY

 

HARLEY-DAVIDSON FDG CORP GTD MEDIUM TERMNT SER B 144A 5.25% DUE 12-15-2012

 

**

 

361

 

 

 

HEINZ

 

HEINZ H J FIN CO GTD NT 6% DUE 03-15-2012/03-21-2003 BEO

 

**

 

456

 

 

 

MICH PWR CO

 

IN MICH PWR CO 6.375% DUE 11-01-2012

 

**

 

672

 

 

 

INCO LTD

 

INCO LTD NT 7.75 DUE 05-15-2012/05-14-2012 BEO

 

**

 

413

 

 

 

INGERSOLL-RAND GLOBAL

 

INGERSOLL-RAND GLOBAL HLDG CO LTD GTD SRNT

 

**

 

454

 

 

 

KINDER MORGAN ENERGY

 

KINDER MORGAN ENERGY PARTNERS L P SR NT UNSOLICITED 5.85 DUE 09-15-2012 BEO

 

**

 

673

 

 

 

LEHMAN BROTHERS

 

LEHMAN BROTHERS HLDGS INC BOOK ENTRY MTN3.95 11-10-09 BOND IN DEFAULT

 

**

 

127

 

 

 

NORFOLK SOUTHN

 

NORFOLK SOUTHN 8.625% DUE 05-15-2010

 

**

 

129

 

 

 

OHIO PWER CO

 

OHIO PWR CO OHIO POWER CO 5.75% DUE 09-01-2013/08-31-2013 BEO

 

**

 

380

 

 

 

MILLER BREWING

 

PVTPL MILLER BREWING CO GTD NT 144A 5.5%DUE 08-15-2013/08-14-2013 BEO

 

**

 

453

 

 

 

MMAF EQUIP

 

PVTPL MMAF EQUIP FIN LLC 2009-A AST BACKED NT 144A 2.37 DUE 11-15-2013

 

**

 

704

 

 

 

SEMPRA

 

SEMPRA ENERGY 8.9% DUE 11-15-2013

 

**

 

424

 

 

 

SOUTHN PWR CO

 

SOUTHN PWR CO SR NT 6.25 DUE 07-15-2012/07-14-2012 BEO

 

**

 

953

 

 

 

AMERITRADE

 

TD AMERITRADE HLDG 2.95% DUE 12-01-2012

 

**

 

618

 

 

 

TELECOM

 

TELECOM ITALIA CAP GTD SR NT 6.2% DUE 07-18-2011 BEO

 

**

 

741

 

 

 

TIME WARNER

 

TIME WARNER CABLE INC NT 5.4% DUE 07-02-2012/10-25-2007 REG

 

**

 

657

 

 

 

TIME WARNER

 

TIME WARNER INC NEW NT 5.5% DUE 11-15-2011/11-13-2006 BEO

 

**

 

674

 

 

 

TYCO

 

TYCO INTL FIN S A 6.375% DUE 10-15-2011

 

**

 

504

 

 

 

WEATHERFORD

 

WEATHERFORD INTL 5.15% DUE 03-15-2013

 

**

 

262

 

 

 

XEROX

 

XEROX CORP SR NT 7.125% DUE 06-15-2010/06-14-2010 REG

 

**

 

849

 

 

 

YALE

 

YALE UNIV MEDIUM TERM NTS BOOK ENTRY MTN2.9% DUE 10-15-2014

 

**

 

448

 

 

 

BANK OF AMERICA

 

BK OF AMER 3.125 DUE 06-15-2012 FDIC GTD

 

**

 

2,580

 

 

 

CITIGROUP

 

CITIGROUP INC FDIC GTD TLGP GTD NT 2.875DUE 12-09-2011 REG

 

**

 

2,626

 

 

 

JOHN DEERE

 

DEERE JOHN CAP CORP MEDIUM TERM NTS SER TRANCHE SR 00001 FDIC GTD 2.875 6-19-12

 

**

 

2,473

 

 

 

GE

 

GEN ELEC CAP CRP MED TRM SR NTS FDIC GTDTRNCHE # TR 00003 3 DUE 12-09-11

 

**

 

2,474

 

 

 

GOLDMAN SACHS

 

GOLDMAN SACHS GROUP INC FDIC GTD TLGP NT3.25 DUE 06-15-2012 BEO

 

**

 

2,665

 

 

 

JPMORGAN

 

JPMORGAN CHASE & CO FDIC GTD TLGP SR NT 3.125% DUE 12-01-2011 BEO

 

**

 

580

 

 

 

PNC

 

PNC FDG CORP FDIC GTD TLGP SR NT FLTG RATE VAR RT DUE 06-22-2011

 

**

 

703

 

 

 

SOVEREIGN

 

SOVEREIGN BK FDIC GTD TLGP SR NTS 2.75% DUE 01-17-2012

 

**

 

2,515

 

 

 

WELLS FARGO

 

WELLS FARGO & CO FDIC GTD TLGP NT 3% DUE12-09-2011 BEO

 

**

 

1,858

 

 

 

WESTIN

 

WESTN CORP FED CR 1.75% DUE 11-02-2012

 

**

 

1,543

 

 

 

 

 

Total Corporate and Other Debt Instruments - Other ***

 

 

 

41,827

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Stock - Common

 

 

 

 

 

*

 

MOTOROLA, INC

 

MOTOROLA INC COM

 

**

 

249,766

 

 

 

 

 

Total Corporate Stock - Common

 

 

 

249,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Interest in Collective Trusts

 

 

 

 

 

*

 

THE NORTHERN TRUST COMPANY

 

COLTV SHORT TERM INVT FD

 

**

 

408,966

 

*

 

THE NORTHERN TRUST COMPANY

 

COLTV SHORT TERM INVT FD

 

**

 

24,231

 

*

 

THE NORTHERN TRUST COMPANY

 

MFB NTGI-QM COLLECTIVE DAILY S&P MIDCAP 400 EQUITY INDEX FUND - LENDING

 

**

 

557,019

 

*

 

THE NORTHERN TRUST COMPANY

 

MFB NTGI-QM COLTV DAILY RUSSELL 2000 EQTY INDEX FD-LENDING

 

**

 

217,747

 

*

 

THE NORTHERN TRUST COMPANY

 

MFB NTGI-QM COLTV DAILY S&P 500 EQTY INDEX FD-LENDING

 

**

 

1,545,171

 

*

 

THE NORTHERN TRUST COMPANY

 

MFB NTGI-QM COLLECTIVE DAILTY AGGREGATE BOND FUND LENDING TIER H

 

**

 

938,367

 

*

 

THE NORTHERN TRUST COMPANY

 

MFB NTGI-QM COLTV DAILY EAFE INDEX FD LENDING

 

**

 

732,174

 

 

 

 

 

Total Value of Interest in Collective Trusts

 

 

 

4,423,675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

EXPORT DEV BANK OF CANADA

 

EXPORT DEV CANADA 4.5 DUE 10-25-2012

 

**

 

3,817

 

 

 

ONTARIO PROV CANADA

 

ONTARIO PROV CDA BD DTD 02/07/2003 4.375% DUE 02-15-2013 BEO

 

**

 

530

 

 

 

ONTARIO PROV CANADA

 

ONTARIO PROV CDA BD DTD 09/05/2008 3.125% DUE 09-08-2010 REG

 

**

 

509

 

 

 

ONTARIO PROV CANADA

 

PROVINCE OF ONT DUE 05-22-2012 BEO

 

**

 

434

 

 

 

DENMARK

 

DENMARK(KINGDOM) 2.75% SNR BDS 15/11/11 USD

 

**

 

1,743

 

 

 

DENMARK

 

FIN FOR DANISH IND A/S EUR GTD SR ME TRANCHE # TR 6 1.75 DUE 12-06-2012 BEO

 

**

 

1,275

 

 

21



Table of Contents

 

Motorola 401(k) Plan

Form 5500 Schedule H, Part IV, Line 4i

Schedule of Assets (Held at End of Year)

December 31, 2009

 

Name of Plan Sponsor: Motorola, Inc.

Employer Identification Number: 36-1115800

Three-Digit Plan Number: 001

 

 

 

(b)

 

(c)

 

 

 

 

 

 

 

Identity of Issuer,

 

Description of Investment Including,

 

 

 

(In 1000’s)

 

 

Borrower, Lessor,

 

Maturity Date, rate of Interest,

 

(d)

 

(e)

 

(a)

 

or Similar Party

 

Collateral, Par or Maturity Value

 

Cost

 

Current Value

 

 

 

DENMARK

 

FIN FOR DANISH IND TRANCHE # TR 2 2.45 DUE 08-17-2012 REG

 

**

 

1,409

 

 

 

MEXICO

 

UTD MEXICAN STS MEDIUM TERM NTS TRANCHE # TR 00010 6.375 DUE 01-16-2013 REG

 

**

 

470

 

 

 

AFRICAN DEV BANK

 

AFRICAN DEV BK 1% DUE 11-23-2011

 

**

 

815

 

 

 

EUROPEAN INVT BANK

 

EUROPEAN INVT BK NT 5.25 DUE 06-15-2011 REG

 

**

 

1,853

 

 

 

LEASEPLAN CORP

 

LEASEPLAN CORP N V NETH GOVT CR GTEE SCHEME NT 144A 3% DUE 05-07-2012 BEO

 

**

 

3,686

 

 

 

GENERAL DATA TECH

 

GTD NT 144A 3.125% DUE 03-23-2012 REG

 

**

 

2,496

 

 

 

SWEDBANK

 

SWEDBANK AB TRANCHE # TR 00011 2.9% DUE 01-14-2013

 

**

 

2,699

 

 

 

DANSKE BANK

 

DANSKE BK A/S TRANCHE # TR 00001 2.5% DUE 05-10-2012 BEO

 

**

 

2,257

 

 

 

ROYAL BANK OF SCOTLAND

 

ROYAL BK SCOTLAND PLC GTD MED TERM BKTRANCHE # TR 00003 2.625 DUE 05-11-12

 

**

 

2,627

 

*

 

THE NORTHERN TRUST COMPANY

 

SL- CORE USA SUB FD

 

**

 

29

 

 

 

 

 

Total Other

 

 

 

26,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities Lening Collateral Pool

 

 

 

 

 

*

 

THE NORTHERN TRUST COMPANY

 

USA CORE COLLATERAL POOL

 

**

 

42,392

 

 

 

 

 

Total Securities Lending Collateral Pool

 

 

 

42,392

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Participant Loans

 

 

 

 

 

*

 

PARTICIPANT LOANS

 

PARTICIPANT LOAN, VARYING MATURITIES WITH INTEREST RATES RANGING FROM 3.7% TO 11.5%

 

**

 

54,675

 

 

 

 

 

Total Participant Loans

 

 

 

54,675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

 

 

 

5,029,851

 

 


*

Represents a party-in-interest to the Plan

**

Historical cost is disclosed only for nonparticipant-directed investments

***

Includes securities loaned

 

22


 

 


Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Motorola 401(k) Plan Committee has duly caused this Annual Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

MOTOROLA 401(k) PLAN

 

 

 

 

 

Date: June 23, 2010

By:

/s/ Sheila A Forsberg

 

 

Sheila A. Forsberg

 

 

Senior Director, U.S. Benefits and

 

 

Motorola 401(k) Plan Committee, Plan

 

 

Administrator

 

23