Dolby Laboratories, Inc. — Director's Dealing 2017

Nov 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2017-11-20

Reporting Person: Borchers Bob (SVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-20	Class A Common Stock	M	33179	$41.31	Acquired	83280	Direct
2017-11-20	Class A Common Stock	S	33179	$61.7353	Disposed	50101	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-20	Employee Stock Option (right to buy)	$41.31	M	33179	Disposed	2024-01-15	Class A Common Stock (33179)	Direct

Footnotes

F1: Shares held following the reported transactions include 40,748 restricted stock units which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $61.65 to $61.76. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.

F3: This option was granted for a total of 171,425 shares of Class A Common Stock. 1/4th of the total number of shares issuable under the option vested on the first anniversary of January 15, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.