Dolby Laboratories, Inc. — Director's Dealing 2015

Feb 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2015-02-17

Reporting Person: Forshay Steven E (SVP, Advanced Technology Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-17	Class A Common Stock	A	4050	$0.00	Acquired	49436.826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-17	Employee Stock Option (Right to Buy)	$39.70	A	25889	Acquired	2025-02-17	Class A Common Stock (25889)	Direct

Footnotes

F1: Award represents a total of 4,050 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 February 17, 2015. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F2: Shares held following the reported transaction include 22,943 restricted stock units, which are subject to forfeiture until they vest.

F3: This option was granted for a total of 25,889 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of February 17, 2015 the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.