Dolby Laboratories, Inc. — Director's Dealing 2013

Dec 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2013-12-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-16	Class A Common Stock	A	54038	—	Acquired	248495	Direct
2013-12-16	Class A Common Stock	F	9934	$37.35	Disposed	228170	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-16	Employee Stock Option (Right to Buy)	$37.35	A	287265	Acquired	2023-12-16	Class A Common Stock (287265)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	54952	Indirect

Footnotes

F1: Shares held following the reported transactions include 247,371 restricted stock units, which are subject to forfeiture until they vest.

F2: Award represents a total of 54,038 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 16, 2013. 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 287,265 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 16, 2013, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.

F4: In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units.

F5: Shares held following the reported transactions include 227,046 restricted stock units, which are subject to forfeiture until they vest.