Dolby Laboratories, Inc. — Director's Dealing 2018

Jul 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-07-16

Reporting Person: Pendleton Todd (SVP, Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-16	Class A Common Stock	A	17500	$0.00	Acquired	17500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-16	Employee Stock Option (right to buy)	$62.43	A	125000	Acquired	2028-07-16	Class A Common Stock (125000)	Direct

Footnotes

F1: Award represents a total of 17,500 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of July 16, 2018. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F2: Shares held following the reported transactions include 17,500 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F3: This option was granted for a total of 125,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vest on the first anniversary of July 16, 2018, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.