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)
Senior Vice President
(Last)
(First)
(Middle)
ZEBRA TECHNOLOGIES CORPORATION, 333 CORPORATE WOODS PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
06/17/2005
(Street)

VERNON HILLS, IL 60061		 4. If Amendment, Date 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
(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)
Code V Amount (A) or (D) Price
Class A Common Stock 06/17/2005   M   5,625 A $ 24.31 1,618 D  
Class A Common Stock 06/17/2005   M   3,937 A $ 25.23 1,618 D  
Class A Common Stock 06/17/2005   S   9,562 D $ 46.13 1,618 D  
Class A Common Stock               194.8 I By 401(k)

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $ 24.31 06/17/2005   M     5,625   (1) 01/10/2010 Class A Common Stock 22,500 $ 0 0 D  
Employee Stock Option $ 18.17               (2) 02/14/2011 Class A Common Stock 18,000   4,500 D  
Employee Stock Option $ 21.62               (3) 02/08/2012 Class A Common Stock 45,000   21,375 D  
Employee Stock Option $ 25.23 06/17/2005   M     3,937   (4) 02/11/2013 Class A Common Stock 22,500 $ 0 15,188 D  
Employee Stock Option $ 47.12               (5) 02/11/2014 Class A Common Stock 10,500   10,500 D  
Employee Stock Option $ 51.62               (6) 02/07/2015 Class A Common Stock 9,686   9,686 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TERZICH MICHAEL H
ZEBRA TECHNOLOGIES CORPORATION
333 CORPORATE WOODS PARKWAY
VERNON HILLS, IL 60061		       Senior Vice President  

Signatures

 Michael Terzich   06/20/2005
**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, 3,375 vested on January 10, 2001, 3,937 vested on January 10, 2002, 4,500 vested on January 10, 2003, 5,063 vested on January 10, 2004 and 5,625 vested on January 10, 2005.
(2) Of such options, 2,700 vested on February 14, 2002, 3,150 vested on February 14, 2003, 3,600 vested on February 14, 2004, 4,050 vested on February 14, 2005 and 4,500 vest on February 14, 2006.
(3) Of such options, 6,750 vested on February 8, 2003, 7,875 vested on February 8, 2004, 9,000 vested on February 8, 2005, 10,125 vest on February 8, 2006 and 11,250 vest on February 8, 2007.
(4) Of such options, 3,375 vested on February 11, 2004, 3,937 vested on February 11, 2005, 4,500 vest on February 11, 2006, 5,062 vest on February 11, 2007 and 5,626 vest on February 11, 2008.
(5) Of such options, 1,575 vested on February 11, 2005, 1,837 vest on February 11, 2006, 2,100 vest on February 11, 2007, 2,362 vest on February 11, 2008 and 2,626 vest on February 11, 2009.
(6) 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.

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