Dolby Laboratories, Inc. — Director's Dealing 2010

Feb 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2010-02-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-09	Class A Common Stock	M	5000	$20.38	Acquired	49949	Direct
2010-02-09	Class A Common Stock	S	5949	$51.17	Disposed	44000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-09	Employee Stock Option (Right to Buy)	$20.38	M	5000	Disposed	2016-02-06	Class A Common Stock (5000)	Direct

Footnotes

F1: Shares held following the reported transactions include 44,000 restricted stock units, which are subject to forfeiture until they vest.

F2: The option was granted a total of 20,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on each anniversary of February 6, 2006, the vesting commencement date.