Dolby Laboratories, Inc. — Director's Dealing 2016

May 11, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2016-05-05

Reporting Person: Dagmar Dolby 2016 Trust BB, dated March 23, 2016 (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0.00		Class A Common Stock (4650000)		Direct

Footnotes

F1: Shares of Class B Common Stock are convertible, at no cost, at any time at the option of the holder into shares of Class A Common Stock on a 1-for-1 basis.

F2: Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby 2016 Trust BB, dated March 23, 2016 (the "Dagmar Dolby 2016 Trust BB"), dispositive power of which is held by Dagmar Dolby as the Trustee of the Dagmar Dolby 2016 Trust BB and voting power of which is held by David E. Dolby, son of Dagmar Dolby, as Special Trustee of the Dagmar Dolby 2016 Trust BB.