Dolby Laboratories, Inc. — Director's Dealing 2010

Jul 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2010-07-16

Reporting Person: Haidamus Ramzi (EVP, Sales and Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-16	Class A Common Stock	M	938	$31.91	Disposed	34938	Direct
2010-07-16	Class A Common Stock	S	938	$66.92	Disposed	34000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-16	Employee Stock Option (Right to Buy)	$31.91	M	938	Disposed	2019-03-16	Class A Common Stock (938)	Direct

Footnotes

F1: Shares held following the reported transactions include 34,000 restricted stock units, which are subject to forfeiture until they vest.

F2: This option was granted for a total of 45,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of March 16, 2009, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.