Dolby Laboratories, Inc. — Director's Dealing 2018

May 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-05-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-01	Class A Common Stock	S	15000	$59.5794	Disposed	47895	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	114828	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $59.06 to $59.91. 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: Shares held following the reported transactions include 114,828 restricted stock units, which are subject to forfeiture until they vest.