Dolby Laboratories, Inc. — Director's Dealing 2013

Jan 2, 2013

SEC Form 4/A — Form 4/A

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2012-12-18

Reporting Person: Dolby Ray (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-18	Class A Common Stock	C	1430000	—	Acquired	1430000	Indirect
2012-12-18	Class A Common Stock	G	1430000	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-18	Class B Common Stock	$	C	1430000	Disposed		Class A Common Stock (1430000)	Indirect

Footnotes

F1: Each share of Class A Common Stock issued upon conversion of one share of Class B Common Stock at the election of the reporting person.

F2: Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by the reporting person and his spouse, Dagmar Dolby, as Trustees of the Ray Dolby Trust under the Dolby Family Trust Instrument, dated May 7, 1999 (the "Ray Dolby Trust"). The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

F3: Shares of Class B Common Stock are convertible at any time at the option of the holder into shares of Class A Common Stock on a 1-for-1 basis.

F4: Excludes 2,500,000 shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) that were previously held by the Ray Dolby Trust and were contributed to Dolby Holdings II LLC.

F5: The Form 4 previously filed incorrectly reflected that 1,800,000 shares of Class B Common Stock held by the Ray Dolby Trust were converted to Class A Common Stock and disposed of as a gift (instead of 1,430,000 shares).