Chairman and CEO Brown Gregory Q sold $4,177,510 worth of Motorola Solutions (10,000 units at $417.75) and exercised 10,000 units of Motorola Solutions at a strike of $66.57 (SEC Form 4)
$MSI
Radio And Television Broadcasting And Communications Equipment
Technology
| 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 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
Motorola Solutions, Inc. [ MSI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 08/14/2024 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| 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 | 08/14/2024 | M | 10,000 | A | $66.57 | 59,064.88(1) | D | |||
| Motorola Solutions, Inc. - Common Stock | 08/14/2024 | S | 3,102 | D | $418.4615(2) | 55,962.88(1) | D | |||
| Motorola Solutions, Inc. - Common Stock | 08/14/2024 | S | 5,040 | D | $417.6198(3) | 50,922.88(1) | D | |||
| Motorola Solutions, Inc. - Common Stock | 08/14/2024 | S | 1,858 | D | $416.9206(4) | 49,064.88(1) | D | |||
| Motorola Solutions, Inc. - Common Stock | 2,220 | I | Held by wife | |||||||
| Motorola Solutions, Inc. - Common Stock | 81,000(5) | I | By Trust | |||||||
| Motorola Solutions, Inc. - Common Stock | 53,180(6) | I | By Trust | |||||||
| Motorola Solutions, Inc. - Common Stock | 32,475(7) | I | By Trust | |||||||
| Motorola Solutions, Inc. - Common Stock | 31,377(8) | I | By Trust | |||||||
| Motorola Solutions Inc. - Common Stock | 54,080 | I | 2023-1 Grantor Retained Annuity Trust | |||||||
| Motorola Solutions, Inc. - Common Stock | 113,500 | I | 2024-1 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 | ||||||||
| Performance Options | $66.57 | 08/14/2024 | M | 10,000 | (9) | 03/09/2025 | Motorola Solutions, Inc. - Common Stock | 10,000 | $0 | 120,000 | D | ||||
| Explanation of Responses: |
| 1. Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
| 2. $418.4615 is the weighted average sales price. Prices for this transaction ranged from $418.14 to $419.03. 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. |
| 3. $417.6198 is the weighted average sales price. Prices for this transaction ranged from $417.23 to $418.12. 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. |
| 4. $416.9206 is the weighted average sales price. Prices for this transaction ranged from $416.675 to $417.16. 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. 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. |
| 6. These shares are held in a family trust for the benefit of the reporting person's children. The reporting person's child is trustee of this trust. |
| 7. These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust. |
| 8. These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust. |
| 9. These performance based stock options vested on March 9, 2018, upon the attainment of the satisfaction of certain financial performance objectives. |
| Alejandro Dieguez, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney on File) | 08/16/2024 | |
| ** 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||