Dolby Laboratories, Inc. — Director's Dealing 2014

Oct 14, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2014-10-10

Reporting Person: DAGMAR DOLBY TRUST UNDER DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999 (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0		Class A Common Stock (9724578)		Direct

Footnotes

F1: Shares of Class B Common Stock are convertible at any time at the option of the holder into shares of the Issuer's Class A Common Stock on a 1-for-1 basis.

F2: On October 10, 2014, 9,724,578 shares of the Issuer's Class B Common Stock were transferred to the Dagmar Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Dagmar Dolby Trust"), dispositive power of which is held solely by Dagmar Dolby as the Trustee of the Dagmar Dolby Trust and voting power of which is shared by the Trustee and David E. Dolby, son of Dagmar Dolby, as Special Trustee of the Dagmar Dolby Trust. Such shares were transferred to the Dagmar Dolby Trust by another trust of which Dagmar Dolby and David E. Dolby serve as the Trustee and Special Trustee, respectively, and such transfer was made for tax and estate planning purposes and no reporting person received any funds or other consideration in exchange for such transfer.