SEC FORM 4

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^*

WHITCHURCH CHARLES R

(Last)

(First)

(Middle)

ZEBRA TECHNOLOGIES CORPORATION

333 CORPORATE WOODS PARKWAY

(Street)

VERNON HILLS

60061

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ZEBRA TECHNOLOGIES CORP/DE [ ZBRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
11/29/2005

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/29/2005		M		7,005	A	$11.81	2,252	D
Class A Common Stock	11/30/2005		M		2,786	A	$11.81	2,252	D
Class A Common Stock	11/29/2005		S		6,505	D	$45.45	2,252	D
Class A Common Stock	11/29/2005		S		686	D	$45.46	2,252	D
Class A Common Stock	11/29/2005		S		379	D	$45.47	2,252	D
Class A Common Stock	11/30/2005		S		9,992	D	$45.4	2,252	D
Class A Common Stock	11/30/2005		S		1,000	D	$45.45	2,252	D
Class A Common Stock	11/30/2005		S		1,500	D	$45.46	2,252	D
Class A Common Stock	11/30/2005		S		100	D	$45.47	2,252	D
Class A Common Stock	11/30/2005		S		186	D	$45.48	2,252	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option	$11.81	11/30/2005⁽⁶⁾		M			9,791	⁽¹⁾	03/02/2009	Class A Common Stock	45,000	$0	6,159	D
Employee Stock Option	$18.17							⁽²⁾	02/14/2011	Class A Common Stock	11,250		11,250	D
Employee Stock Option	$21.62							⁽³⁾	02/08/2012	Class A Common Stock	56,250		56,250	D
Employee Stock Option	$25.23							⁽⁴⁾	02/11/2013	Class A Common Stock	15,750		15,750	D
Employee Stock Option	$51.62							⁽⁵⁾	02/07/2015	Class A Common Stock	9,686		9,686	D

Explanation of Responses:

1. Of such options, 9,900 vested on March 2, 2000, 10,800 vested on March 2, 2001, 7,200 vested on March 2, 2002, 8,100 vested on March 2, 2003 and 9,000 vested on March 2, 2004.

2. Of such options, 1,687 vested on February 14, 2002, 1,968 vested on February 14, 2003, 2,250 vested on February 14, 2004, 2,530 vested on February 14, 2005 and 2,815 vest on February 14, 2006.

3. Of such optinos, 8,437 vested on February 8, 2003, 9,843 vested on February 8, 2004, 11,250 vested on February 8, 2005, 12,655 vest on February 8, 2006 and 14,065 vest on February 8, 2007.

4. Of such options, 2,362 vested on February 11, 2004, 2,755 vested on February 11, 2005, 3,150 vest on February 11, 2006, 3,543 vest on February 11, 2007 and 3,940 vest on February 11, 2008.

5. Of such options, 1,453 vest on February 7, 2006, 1,695 vest on February 7, 2007, 1,937 vest on February 7, 2008, 2,179 vest on February 7, 2009 and 2,422 vest on February 7, 2010.

6. Of such options, 7,005 were exercised on November 29, 2005 and 2,786 were exercised on November 30, 2005.

	Charles R. Whitchurch	12/01/2005
	** 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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