Dolby Laboratories, Inc. — Director's Dealing 2014

Nov 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2014-11-06

Reporting Person: SIBONI ROGER S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-06	Class A Common Stock	M	5568	$20.43	Acquired	12979	Direct
2014-11-06	Class A Common Stock	S	5568	$42.5962	Disposed	7411	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-06	Stock Option (right to buy)	$20.43	M	5568	Disposed	2015-07-15	Class A Common Stock (5568)	Direct

Footnotes

F1: Shares held following the reported transactions include 7,411 restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $42.51 to $42.77. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.

F3: This option was granted for a total of 5,568 shares of Class A Common Stock. 1/3 of the total number of shares issuable under the option vested on each of the anniversary of July 15, 2005, the vesting commencement date.