Dolby Laboratories, Inc. — Director's Dealing 2012

Feb 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2012-02-07

Reporting Person: JASPER N WILLIAM JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-07	Class A Common Stock	A	7900	—	Acquired	44374	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0		Class A Common Stock (10000)	10000	Direct

Footnotes

F1: Shares held following the reported transactions, but none of the shares reported as sold, include 17,901 restricted stock units, which are subject to forfeiture until they vest.

F2: Award represents a total of 7,900 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 7, 2012 or (2) the date immediately preceding the date of the next annual meeting of stockholders occurring after February 7, 2012. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F3: Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.