Dolby Laboratories, Inc. — Director's Dealing 2010

Mar 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2010-03-16

Reporting Person: Anderson Mark S (EVP, Gen. Coun. & Secrty.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-16	Class A Common Stock	F	795	$57.06	Disposed	20205	Direct
2010-03-17	Class A Common Stock	S	687	$58.5301	Disposed	19518	Direct
2010-03-17	Class A Common Stock	S	102	$58.54	Disposed	19416	Direct
2010-03-17	Class A Common Stock	S	280	$58.57	Disposed	19136	Direct
2010-03-17	Class A Common Stock	S	303	$58.58	Disposed	18833	Direct

Footnotes

F1: In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Company and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units.

F2: Shares held following the reported transactions include 18,833 restricted stock units, which are subject to forfeiture until they vest.