Dolby Laboratories, Inc. — Director's Dealing 2012

Aug 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2012-08-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-15	Class A Common Stock	A	21000	—	Acquired	117919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-15	Employee Stock Option (Right to Buy)	$34.54	A	84000	Acquired	2022-08-15	Class A Common Stock (84000)	Direct

Footnotes

F1: Shares held following the reported transactions include 117,762 restricted stock units, which are subject to forfeiture until they vest.

F2: Award represents a total of 21,000 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/2 of the total number of units shall vest two years from August 15, 2012, the grant date, and the remaining 1/2 of the total number of units shall vest on the date that is four years from the grant date. 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 84,000 shares of Class A Common Stock. 1/2 of the total number of shares issuable under the option vests two years from August 15, 2012, the grant date, and the remaining 1/2 of the total number of shares vests on the date that is four years from the grant date.

F4: Not Applicable.