Dolby Laboratories, Inc. — Director's Dealing 2018

Mar 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-02-28

Reporting Person: GOTCHER PETER C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-28	Class A Common Stock	M	18544	$47.69	Acquired	64447	Direct
2018-02-28	Class A Common Stock	S	18544	$64.5314	Disposed	45903	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-28	Stock Option (right to buy)	$47.69	M	18544	Disposed	2020-02-16	Class A Common Stock (18544)	Direct

Footnotes

F1: Shares held following the reported transactions include 3,920 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $64.50 to $64.74. 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 18,544 shares of Class A Common Stock and became fully vested on February 16, 2011.