Dolby Laboratories, Inc. — Director's Dealing 2012

Mar 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2012-03-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-16	Class A Common Stock	M	938	$31.91	Acquired	53138	Direct
2012-03-16	Class A Common Stock	S	938	$39.08	Disposed	52200	Direct
2012-03-16	Class A Common Stock	F	917	$38.89	Disposed	51283	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-16	Employee Stock Option (Right to Buy)	$31.91	M	938	Disposed	2019-03-16	Class A Common Stock (938)	Direct

Footnotes

F1: Shares held following the reported transactions include 49,700 restricted stock units, which are subject to forfeiture until they vest.

F2: In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Company and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units.

F3: This option was granted for a total of 45,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of March 16, 2009, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.