Dolby Laboratories, Inc. — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SIBONI ROGER S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	Class A Common Stock	A	6637	—	Acquired	26638	Direct

Footnotes

F1: Award represents a total of 6,637 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) the first anniversary of February 2, 2011 or (2) the date immediately preceding the date of the next annual meeting of stockholders occurring after February 2, 2011. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F2: Shares held following the reported transactions include 26,638 restricted stock units, which are subject to forfeiture until they vest.