Dolby Laboratories, Inc. — Director's Dealing 2011

Mar 1, 2011

SEC Form 4/A — Form 4/A

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2011-02-15

Reporting Person: ROCKWELL MICHAEL J (EVP, Products and Technology)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	Class A Common Stock	M	1875	$32.18	Disposed	48319	Direct
2011-02-15	Class A Common Stock	S	7559	$52.18	Disposed	40760	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-15	Employee Stock Option (Right to Buy)	$32.18	M	1875	Disposed	2019-02-02	Class A Common Stock (1875)	Direct

Footnotes

F1: Shares held following the reported transactions include 40,603 restricted stock units, which are subject to forfeiture until they vest.

F2: This option was granted for a total of 30,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of February 9, 2009, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.