SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Paladino Kathleen

(Last)

(First)

(Middle)

SYMBOL TECHNOLOGIES, INC.

ONE SYMBOL PLAZA

(Street)

HOLTSVILLE

11742

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/19/2006

3. Issuer Name and Ticker or Trading Symbol
SYMBOL TECHNOLOGIES INC [ SBL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP-Worldwide Sales

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	9,038⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option (Right to Buy)	08/26/2005⁽²⁾	08/30/2014	Common Stock	200,000	$13.055	D
Option (Right to Buy)	08/26/2005⁽²⁾	02/27/2012	Common Stock	25,000	$17.975	D
Option (Right to Buy)	08/04/2006⁽³⁾	08/03/2012	Common Stock	25,000	$9.55	D
Option (Right to Buy)	03/20/2007⁽⁴⁾	03/19/2013	Common Stock	20,000	$10.945	D

Explanation of Responses:

1. Includes 1,538 shares of Common Stock purchased through the Issuer's 1997 Employee Stock Purchase Plan.

2. Effective as of August 26, 2005, the Compensation Committee of the Issuer's Board of Directors accelerated the vesting of unvested stock options with exercise prices greater than $12.50 per share. Accordingly, 100 percent (100%) of these options are vested.

3. Ten percent (10%) of these options vested on 08/04/2006 and fifteen percent (15%) vest on each of the next six (6) consecutive six month anniversary dates of that date.

4. Ten percent (10%) of these options vest on 03/20/2007 and fifteen percent (15%) vest on each of the next six (6) consecutive six month anniversary dates of that date.

Remarks:

	/s/ Michael C. Miller, as Attorney-in-Fact	09/28/2006
	** 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 5 (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.