Dolby Laboratories, Inc. — Director's Dealing 2014

Feb 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2014-02-26

Reporting Person: SIBONI ROGER S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-26	Class A Common Stock	S	9310	$40.7206	Disposed	7411	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 $40.51 to $41.01. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securites 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.