Edgar Filing: ZEBRA TECHNOLOGIES CORP/DE

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

TERZICH MICHAEL H

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)
SVP, Global Sales & Marketing

(Last)

(First)

(Middle)

333 CORPORATE WOODS PARKWAY

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2007

(Street)

VERNON HILLS, IL 60061

4. If Amendment, Date Original Filed(Month/Day/Year)
05/25/2007

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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	05/25/2007		M		11,250	A	$ 21.62	18,340 ⁽⁶⁾	D
Class A Common Stock								425.4425	I	By 401(k)
Class A Common Stock	05/25/2007		M		9,562	A	$ 25.23	27,902 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		5,056	D	$ 39.95 ⁽⁸⁾	22,846 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		656	D	$ 39.96 ⁽⁸⁾	22,190 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		2,121	D	$ 39.97 ⁽⁸⁾	20,069 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		1,600	D	$ 39.98 ⁽⁸⁾	18,469 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		500	D	$ 39.99 ⁽⁸⁾	17,969 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		2,000	D	$ 40 ⁽⁸⁾	15,969 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		100	D	$ 40.01 ⁽⁸⁾	15,869 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		4,079	D	$ 40.02 ⁽⁸⁾	11,790 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		3,600	D	$ 40.03 ⁽⁸⁾	8,190 ⁽⁶⁾	D
Class A Common Stock	05/25/2007		S		1,100	D	$ 40.04 ⁽⁸⁾	7,090 ⁽⁶⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option

$ 43.35

⁽¹⁾

02/06/2016

Class A Common Stock

5,767

Employee Stock Option

$ 21.62

05/25/2007

11,250

⁽²⁾

02/08/2012

Class A Common Stock

11,250

$ 0

Employee Stock Option

$ 25.23

05/25/2007

9,562

⁽³⁾

02/11/2013

Class A Common Stock

15,188

$ 0

5,626

Employee Stock Option

$ 47.12

⁽⁴⁾

02/11/2014

Class A Common Stock

10,500

Employee Stock Option

$ 51.62

⁽⁵⁾

02/07/2015

Class A Common Stock

9,686

Employee Stock Option

$ 41.25

⁽⁷⁾

04/25/2017

Class A Common Stock

10,667

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
TERZICH MICHAEL H 333 CORPORATE WOODS PARKWAY VERNON HILLS, IL 60061			SVP, Global Sales & Marketing

Signatures

Michael Terzich		05/29/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Of such options, 865 vested on February 16, 2007, 1,009 vest on February 6, 2008, 1,153 vest on February 6, 2009, 1,298 vest on February 6, 2010 and 1,442 vest on February 6, 2011.
(2)	All such options vested on February 8, 2007.
(3)	Of such options, 4,500 vested on February 11, 2006, 5,062 vested on February 11, 2007 and 5,626 vest on February 11, 2008.
(4)	Of such options, 1,575 vested on February 11, 2005, 1,837 vested on February 11, 2006, 2,100 vested on February 11, 2007, 2,362 vest on February 11, 2008 and 2,626 vest on February 11, 2009.
(5)	Of such options, 1,452 vested on February 7, 2006, 1,695 vested on February 7, 2007, 1,937 vest on February 7, 2008, 2,180 vest on February 7, 2009 and 2,422 vest on February 7, 2010.
(6)	Includes 5,472 restricted shares that will vest on 10/20/07.
(7)	Of such options, 2,666 vest on April 25, 2008, 2,667 vest on April 25, 2009, 2,667 vest on April 25, 2010 and 2,667 vest on April 25, 2011.
(8)	This Amended Form 4 is being filed to disclose the correct sales price of the shares sold. The previous Form 4, filed on May 25, 2007, incorrectly disclosed $39.99 as the sales price for all 20,812 shares sold on May 25, 2007.

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