Dolby Laboratories, Inc. — Director's Dealing 2015

Nov 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2015-11-18

Reporting Person: GOTCHER PETER C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-18	Class A Common Stock	M	11137	$18.05	Acquired	69518	Direct
2015-11-18	Class A Common Stock	S	11137	$34.684	Disposed	58381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-18	Stock Option (right to buy)	$18.05	M	11137	Disposed	2016-02-14	Class A Common Stock (11137)	Direct

Footnotes

F1: Shares held following the reported transactions include 7,759 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $34.65 to $34.77. 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 11,137 shares of Class A Common Stock. 1/3 of the total number of shares issuable under the option vested on each anniversary of February 14, 2006, the vesting commencement date.