Dolby Laboratories, Inc. — Director's Dealing 2010

Feb 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2010-02-23

Reporting Person: DEMO MURRAY J (EVP & Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-23	Employee Stock Option (Right to Buy)	$51.19	G	66000	Disposed	2020-02-08	Class A Common Stock (66000)	Direct
2010-02-23	Employee Stock Option (Right to Buy)	$51.19	G	66000	Acquired	2020-02-08	Class A Common Stock (66000)	Indirect

Footnotes

F1: Effective February 23, 2010, the Reporting Person transferred this option as a gift to a revocable trust.

F2: This option was granted for a total of 66,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of February 8, 2010, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.