Dolby Laboratories, Inc. — Director's Dealing 2017

Sep 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2017-09-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-13	Class A Common Stock	M	45000	$28.66	Acquired	132895	Indirect
2017-09-13	Class A Common Stock	S	20000	$55.1031	Disposed	112895	Indirect
2017-09-13	Class A Common Stock	S	25000	$57.5413	Disposed	87895	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-13	Employee Stock Option (right to buy)	$28.66	M	45000	Disposed	2019-03-16	Class A Common Stock (45000)	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $55.00 to $55.23. 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 transaction was executed in multiple trades at prices ranging from $57.50 to $57.705. 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 134,757 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of March 16, 2009, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.