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Dolby Laboratories, Inc. — Director's Dealing 2010
Oct 7, 2010
30828_dirs_2010-10-07_4ac711c0-8adf-4764-9955-ef33cc1584d3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2010-10-06
Reporting Person: GOTCHER PETER C (Director, Exec. Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-10-06 | Class A Common Stock | M | 7816 | $22.75 | Disposed | 33817 | Direct |
| 2010-10-06 | Class A Common Stock | S | 6416 | $58.2712 | Disposed | 27401 | Direct |
| 2010-10-06 | Class A Common Stock | S | 1400 | $59.6254 | Disposed | 26001 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-10-06 | Employee Stock Option (Right to Buy) | $22.75 | M | 7816 | Disposed | 2015-07-15 | Class A Common Stock (7816) | Direct |
Footnotes
F1: Shares held following the reported transactions include 20,001 restricted stock units, which are subject to forfeiture until they vest.
F2: This transaction was executed in multiple trades at prices ranging from $58.00 to $58.95. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F3: This transaction was executed in multiple trades at prices ranging from $59.32 to $60.00. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F4: The option was granted for a total of 10,000 shares of Class A Common Stock. 1/3 of the total number of shares issuable under the option become exercisable on each anniversary of July 15, 2005, the vesting commencement date, as long as the reporting Person continues to serve as a member of the Issuer's Board of Directors.