Dolby Laboratories, Inc. — Director's Dealing 2014

Jan 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2014-01-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-15	Class A Common Stock	A	48550	—	Acquired	48550	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-15	Employee Stock Option (Right to Buy)	$41.31	A	219050	Acquired	2024-01-15	Class A Common Stock (219050)	Direct

Footnotes

F1: Award represents a total of 48,550 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 January 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 include 48,550 restricted stock units, which are subject to forfeiture until they vest.

F3: This option was granted for a total of 219,050 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of January 15, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.