Dolby Laboratories, Inc. — Director's Dealing 2017

Nov 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2017-10-30

Reporting Person: Forshay Steven E (SVP, Advanced Technology Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-30	Class A Common Stock	M	9355	$28.90	Acquired	70685.826	Direct
2017-10-30	Class A Common Stock	S	9355	$57.8642	Disposed	61330.826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-30	Employee Stock Option (right to buy)	$28.90	M	9355	Disposed	2019-02-09	Class A Common Stock (9355)	Direct

Footnotes

F1: Shares held following the reported transactions include 25,719 restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $57.65 to $58.25. 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.

F3: This option was granted for a total of 9,355 shares of Class A Common Stock and became fully vested on February 9, 2013.