-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TYh1lqCCb5+hX9buDjoqc4hwOv1qhbeh/g9Xl1Uwf03NLZAa1Y7zTfgo300boWkT
 +kqB3ucCsgPf/vuFmupb0Q==

<SEC-DOCUMENT>0001179110-03-011231.txt : 20031124
<SEC-HEADER>0001179110-03-011231.hdr.sgml : 20031124
<ACCEPTANCE-DATETIME>20031124160548
ACCESSION NUMBER:		0001179110-03-011231
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031124
FILED AS OF DATE:		20031124

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NAUGHTON TODD R
		CENTRAL INDEX KEY:			0001201207

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19406
		FILM NUMBER:		031020857

	MAIL ADDRESS:	
		STREET 1:		250 BLACKTHORN DR
		CITY:			BUFFELO GROVE
		STATE:			IL
		ZIP:			60089

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZEBRA TECHNOLOGIES CORP/DE
		CENTRAL INDEX KEY:			0000877212
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560]
		IRS NUMBER:				366966580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		333 CORPORATE WOODS PKWY
		CITY:			VERNON HILLS
		STATE:			IL
		ZIP:			60061
		BUSINESS PHONE:		7086346700
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-11-24</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000877212</issuerCik>
        <issuerName>ZEBRA TECHNOLOGIES CORP/DE</issuerName>
        <issuerTradingSymbol>zbra</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001201207</rptOwnerCik>
            <rptOwnerName>NAUGHTON TODD R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 CORPORATE WOODS PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>VERNON HILLS</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60061</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>VP Controller</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Class A Common Stock</value>
</securityTitle>
<transactionDate><value>2003-11-24</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>5905</value>
</transactionShares>
<transactionPricePerShare><value>40.42</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>1881</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Class A Common Stock</value>
</securityTitle>
<transactionDate><value>2003-11-24</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>5905</value>
</transactionShares>
<transactionPricePerShare><value>61.31</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>1881</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeHolding><securityTitle><value>Class A Common Stock</value>
</securityTitle>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>580</value>
<footnoteId id="F4"></footnoteId>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>I</value>
</directOrIndirectOwnership>
<natureOfOwnership><value>By 401(k) Plan</value>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeHolding>
</nonDerivativeTable>
<derivativeTable><derivativeTransaction><securityTitle><value>Employee Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>40.42</value>
</conversionOrExercisePrice>
<transactionDate><value>2003-11-24</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>5905</value>
</transactionShares>
<transactionPricePerShare><footnoteId id="F5"></footnoteId>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2010-02-17</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>11250</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>5345</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeHolding><securityTitle><value>Employee Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>27.25</value>
</conversionOrExercisePrice>
<exerciseDate><footnoteId id="F2"></footnoteId>
</exerciseDate>
<expirationDate><value>2011-02-14</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>12750</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>8608</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Employee Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>32.43</value>
</conversionOrExercisePrice>
<exerciseDate><footnoteId id="F3"></footnoteId>
</exerciseDate>
<expirationDate><value>2012-02-08</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>18000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>15300</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
</derivativeTable>
<footnotes><footnote id="F1">Of such options, 1,688 vested on February 17, 2001, 1,968 vested on February 17, 2002, 2,250 vested on February 17, 2003, 2,530 vest on February 17, 2004 and 2,814 vest on February 17, 2005.</footnote>
<footnote id="F2">Of such options, 1,913 vested on February 14, 2002, 2,230 vested on February 14, 2003, 2,550 vest on February 14, 2004, 2,868 vest on February 14, 2005 and 3,189 vest on February 14, 2006.</footnote>
<footnote id="F3">Of such options, 2,700 vested on February 8, 2003, 3,150 vest on February 8, 2004, 3,600 vest on February 8, 2005, 4,050 vest on February 8, 2006 and 4,500 vest on February 8, 2007.</footnote>
<footnote id="F4">Includes two shares of Class A Common Stock acquired subsequent to November 3, 2003.</footnote>
<footnote id="F5">Not applicable.</footnote>
</footnotes>
<ownerSignature><signatureName>Todd R. Naughton</signatureName>
<signatureDate>2003-11-24</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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