Dolby Laboratories, Inc. — Director's Dealing 2011

Jan 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2011-01-12

Reporting Person: DEMO MURRAY J (EVP & Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-12	Employee Stock Option (Right to Buy)	$66.63	G	55000	Disposed	2020-12-15	Class A Common Stock (55000)	Direct
2011-01-12	Employee Stock Option (Right to Buy)	$66.63	G	55000	Acquired	2020-12-15	Class A Common Stock (55000)	Indirect

Footnotes

F1: Effective January 12, 2011, the Reporting Person transferred this option as a gift to a revocable trust.

F2: This option was granted for a total of 55,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 15, 2010, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.