Dolby Laboratories, Inc. — Director's Dealing 2012

Dec 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2012-12-21

Reporting Person: YEAMAN KEVIN J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-21	Class A Common Stock	A	54700	—	Acquired	214925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-21	Employee Stock Option (Right to Buy)	$30.49	A	234400	Acquired	2022-12-21	Class A Common Stock (234400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	31776	Indirect

Footnotes

F1: Shares held following the reported transactions include 213,801 restricted stock units, which are subject to forfeiture until they vest.

F2: Award represents a total of 54,700 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 21, 2012. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F3: This option was granted for a total of 234,400 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 21, 2012, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.

F4: Not Applicable.