Dolby Laboratories, Inc. — Director's Dealing 2014

Mar 13, 2014

SEC Form 4/A — Form 4/A

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2014-03-05

Reporting Person: Dolby Dagmar (10% Owner)
Reporting Person: Ray Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-05	Class A Common Stock	C	20000	—	Disposed	20000	Indirect
2014-03-05	Class A Common Stock	S	19700	$42.7437	Disposed	300	Indirect
2014-03-05	Class A Common Stock	S	300	$43.0800	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-05	Class B Common Stock	$	C	19700	Disposed		Class A Common Stock (19700)	Indirect
2014-03-05	Class B Common Stock	$	C	300	Disposed		Class A Common Stock (300)	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: 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.

F3: Reflects shares of Class B Common Stock (as converted or convertible into, as applicable, a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Ray Dolby Trust"). This report is filed jointly by Dagmar Dolby and the Ray Dolby Trust with respect to securities held by the Ray Dolby Trust. The reporting persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein.

F4: This transaction was executed in multiple trades at prices ranging from $42.08 to $43.03. 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.

F5: The Form 4 previously filed reflected incorrect weighted average sale prices, due to an incorrect sale price at which one of the multiple trades was executed.