Dolby Laboratories, Inc. — Director's Dealing 2018

Dec 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-12-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-17	Class A Common Stock	F	3285	$66.17	Disposed	62124.826	Direct
2018-12-17	Class A Common Stock	A	4500	$0.00	Acquired	66624.826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-17	Employee Stock Option (Right to Buy)	$0.00	A	27000	Acquired	2028-12-17	Class A Common Stock (27000)	Direct

Footnotes

F1: In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.

F2: Shares held following the reported transactions include 15,638 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F3: Award represents a total of 4,500 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/2 of the total number of units shall vest one year from December 17, 2018, the Grant Date, and the balance of such shares shall vest on the second anniversary of the Grant Date. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F4: Shares held following the reported transactions include 20,138 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F5: This option was granted for a total of 27,000 shares of Class A Common Stock. 1/2 of the total number of shares issuable under the option vest on the first anniversary of December 17, 2018, the vesting commencement date, and the balance of the shares issuable under the option vest in equal monthly installments over the next 12 months thereafter.