Dolby Laboratories, Inc. — Director's Dealing 2014

Dec 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2014-12-15

Reporting Person: Borchers Bob (SVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-15	Class A Common Stock	A	13593	—	Acquired	62742	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-15	Employee Stock Option (Right to Buy)	$44.14	A	85146	Acquired	2024-12-15	Class A Common Stock (85146)	Direct

Footnotes

F1: Award represents a total of 13,593 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 15, 2014. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F2: Shares held following the reported transactions include 62,143 restricted stock units, which are subject to forfeiture until they vest.

F3: Shares include 599 shares acquired under the Issuer's Employee Stock Purchase Plan on November 17, 2014.

F4: This option was granted for a total of 85,146 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 15, 2014, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.