Dolby Laboratories, Inc. — Director's Dealing 2010

Feb 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2010-02-05

Reporting Person: JASPER N WILLIAM JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-05	Class A Common Stock	F	1376	$52.42	Disposed	22744	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0		Class A Common Stock (60000)	60000	Indirect
Class B Common Stock	$0		Class A Common Stock (20000)	20000	Indirect

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, but none of the shares reported as sold, include 17,500 restricted stock units, which are subject to forfeiture until they vest.

F3: Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.