Dolby Laboratories, Inc. — Director's Dealing 2016

Oct 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2016-10-06

Reporting Person: YEAMAN KEVIN J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-06	Class A Common Stock	M	20249	$28.66	Acquired	137370	Indirect
2016-10-06	Class A Common Stock	S	20249	$55.0023	Disposed	117121	Indirect
2016-10-07	Class A Common Stock	M	1701	$28.66	Acquired	118822	Indirect
2016-10-07	Class A Common Stock	S	1701	$55.00	Disposed	117121	Indirect
2016-10-10	Class A Common Stock	M	152	$28.66	Acquired	117273	Indirect
2016-10-10	Class A Common Stock	S	152	$55.00	Disposed	117121	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-06	Employee Stock Option (right to buy)	$28.66	M	20249	Disposed	2019-03-16	Class A Common Stock (20249)	Indirect
2016-10-07	Employee Stock Option (right to buy)	$28.66	M	1701	Disposed	2019-03-16	Class A Common Stock (1701)	Indirect
2016-10-10	Employee Stock Option (right to buy)	$28.66	M	152	Disposed	2019-03-16	Class A Common Stock (152)	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $55 to $55.02. 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: This option was granted for a total of 134,757 shares of Class A Common Stock and became fully vested on March 16, 2013.