Form 4 for MSI Motorola Solutions
Accepted 2022-03-24 00:00:00 ET · period of report 2022-03-22 · accession 0001062993-22-008496 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-24 | 2022-03-22 | MSI | HACKER MARK S. | EVP, GC, Chief Admin Off | F - Tax | $232.09 | -1,015 | 20.9K | -5% | -$235.6K |
| D | 2022-03-24 | 2022-03-22 | MSI | HACKER MARK S. | EVP, GC, Chief Admin Off | M - OptEx | $0.00 | +2,289 | 21.9K | +12% | $0 |
| D | 2022-03-24 | 2022-03-22 | MSI | HACKER MARK S. | EVP, GC, Chief Admin Off | M - OptEx | $0.00 | -1,449 | 0 | -100% | $0 |
| D | 2022-03-24 | 2022-03-22 | MSI | HACKER MARK S. | EVP, GC, Chief Admin Off | A - Grant | $0.00 | +22.8K | 22.8K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Motorola Solutions, Inc. - Common Stock | 2022-03-22 | F | D | 1,015 | $232.09 | 20,887.56 | D | — | — | (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan. |
| 2 | Common | Motorola Solutions, Inc. - Common Stock | 2022-03-22 | M | A | 2,289 | $0.00 | 21,902.56 | D | — | — | (F1) Represents the vesting (1,449) and payout (2,289) of the third tranche (1/3) of the market stock units (MSU) granted on March 22, 2019 at 158% payout factor and such payment includes 840 shares which were above the target number of shares originally reported. (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan. |
| 3 | Derivative | Market Stock Units | 2022-03-22 | M | D | 1,449 | $0.00 | 0 | D | — · — to — | 1,449 Motorola Solutions, Inc. - Common Stock | (F4) One third of the MSU award will vest on each of the first, second and third anniversaries of the date of grant and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant. (F3) Each market stock unit ("MSU") converts into shares of common stock on a 1-for-1 basis but the number of MSUs earned varies from 0% to 200% of the target number of MSUs based on the average of the closing price of the Company's common stock on the date of grant and the thirty calendar days immediately preceding the date of grant (referred to as Share Price on Date of Grant) as compared to the closing share price of the Company's common stock on the vesting date and the thirty calendar days immediately preceding the vesting date (referred to as Share Price on Vesting Date). The target number of MSUs is reported in this Report. |
| 4 | Derivative | Performance Options | 2022-03-22 | A | A | 22,751 | $0.00 | 22,751 | D | $138.64 · — to 2029-03-22 | 22,751 Motorola Solutions, Inc. - Common Stock | (F5) Represents the vesting of performance based stock options granted to the reporting person on March 22, 2019 that were eligible to vest on the third anniversary date of the grant or March 22, 2022 based on the satisfaction of certain financial performance objectives. On March 22, 2022, the Company determined that, based on the Company's performance over the applicable performance period, 22,751 options would vest. |