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FIDUCIARY MANAGEMENT ASSOCIATES LLC
> ZBRA
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2016 | ZEBRA TECHNOLOGIES CORP | ZBRA | 4,605 | -454,805 | 318,000 | -18,601,000 | $69.06 |
| 12/31/2015 | ZEBRA TECHNOLOGIES CORP | ZBRA | 5,145 | -105 | 359,000 | -43,000 | $69.78 |
| 09/30/2015 | ZEBRA TECHNOLOGIES CORP | ZBRA | 5,250 | -454,160 | 402,000 | -18,517,000 | $76.57 |
| 06/30/2014 | ZEBRA TECHNOLOGIES CORP | ZBRA | 0 | -260,370 | 0 | -18,072,000 | |
| 03/31/2014 | ZEBRA TECHNOLOGIES CORP | ZBRA | 260,370 | -199,040 | 18,072,000 | -847,000 | $69.41 |
| 03/31/2012 | ZEBRA TECHNOLOGIES CORP | ZBRA | 459,410 | -51,270 | 18,919,000 | 3,119,000 | $41.18 |
| 09/30/2011 | ZEBRA TECHNOLOGIES CORP | ZBRA | 510,680 | 53,220 | 15,800,000 | -3,491,000 | $30.94 |
| 06/30/2011 | ZEBRA TECHNOLOGIES CORP | ZBRA | 457,460 | 457,460 | 19,291,000 | 19,291,000 | $42.17 |
| 12/31/2008 | ZEBRA TECHNOLOGIES CORP | ZBRA | 0 | -55,300 | 0 | -3,561,000 | |
| 06/30/2003 | ZEBRA TECHNOLOGIES CORP | ZBRA | 0 | -55,300 | 0 | -3,561,000 | |
| 03/31/2003 | ZEBRA TECHNOLOGIES CORP | ZBRA | 55,300 | -27,200 | 3,561,000 | -1,166,000 | $64.39 |
| 12/31/2002 | ZEBRA TECHNOLOGIES CORP | ZBRA | 82,500 | 12,700 | 4,727,000 | 1,049,000 | $57.30 |
| 09/30/2002 | ZEBRA TECHNOLOGIES CORP | ZBRA | 69,800 | 0 | 3,678,000 | 312,000 | $52.69 |
| 06/30/2002 | ZEBRA TECHNOLOGIES CORP | ZBRA | 69,800 | 69,800 | 3,366,000 | 3,366,000 | $48.22 |
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