Dolby Laboratories, Inc. — Director's Dealing 2015

Feb 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2015-02-03

Reporting Person: DONATIELLO NICHOLAS JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Class A Common Stock	S	3705	$38.5728	Disposed	17629	Indirect
2015-02-03	Class A Common Stock	A	7759	$0.00	Acquired	7759	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $38.31 to $39.08. 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.

F2: Award represents a total of 7,759 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F3: Shares held following the reported transactions include 7,759 restricted stock units, which are subject to forfeiture until they vest.