Dolby Laboratories, Inc. — Director's Dealing 2011

Mar 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2011-03-15

Reporting Person: GOTCHER PETER C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-15	Class A Common Stock	A	8004	$49.97	Acquired	34005	Direct
2011-03-15	Class A Common Stock	A	8004	$49.97	Acquired	42009	Direct

Footnotes

F1: Award represents a total of 8,004 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 100% of the total number of units shall vest on the earlier of (1) March 15, 2012 or (2) the date immediately preceding the date of the next annual meeting of stockholders occurring after March 15, 2011. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F2: Award represents a total of 8,004 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 100% of the total number of units shall vest on March 1, 2012. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F3: Shares held following the reported transactions include 19,342 restricted stock units, which are subject to forfeiture until they vest.