Dolby Laboratories, Inc. — Director's Dealing 2018

Feb 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-02-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-09	Class A Common Stock	M	50000	$28.24	Acquired	112895	Indirect
2018-02-09	Class A Common Stock	S	39904	$58.7487	Disposed	72991	Indirect
2018-02-09	Class A Common Stock	S	7896	$59.924	Disposed	65095	Indirect
2018-02-09	Class A Common Stock	S	2200	$60.6487	Disposed	62895	Indirect
2018-02-12	Class A Common Stock	M	18548	$28.24	Acquired	81443	Indirect
2018-02-12	Class A Common Stock	S	18548	$61.4005	Disposed	62895	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-09	Employee Stock Option (right to buy)	$28.24	M	50000	Disposed	2021-12-15	Class A Common Stock (50000)	Indirect
2018-02-12	Employee Stock Option (right to buy)	$28.24	M	18548	Disposed	2021-12-15	Class A Common Stock (18548)	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 $58.38 to $59.3601. 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 $59.4201 to $60.37. 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 transaction was executed in multiple trades at prices ranging from $60.4301 to $60.78. 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.

F4: This transaction was executed in multiple trades at prices ranging from $60.65 to $61.57. 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.

F5: Shares held following the reported transactions include 114,828 restricted stock units, which are subject to forfeiture until they vest.

F6: This option was granted for a total of 260,605 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 15, 2011, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.