Dolby Laboratories, Inc. — Director's Dealing 2016

Jul 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2016-07-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-25	Class A Common Stock	M	25000	$28.66	Acquired	138103	Indirect
2016-07-25	Class A Common Stock	S	25000	$50.0006	Disposed	113103	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-25	Employee Stock Option (right to buy)	$28.66	M	25000	Disposed	2019-03-16	Class A Common Stock (25000)	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $50 to $50.03. 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.