Dolby Laboratories, Inc. — Director's Dealing 2018

Feb 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-02-07

Reporting Person: SHERMAN MARK ANDREW (EVP, GEN. COUN. & SECRTY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-07	Class A Common Stock	S	1554	$63.10	Disposed	47566	Direct
2018-02-07	Class A Common Stock	M	41219	$28.24	Acquired	88785	Direct
2018-02-07	Class A Common Stock	S	33818	$63.238	Disposed	54967	Direct
2018-02-07	Class A Common Stock	S	7401	$63.6724	Disposed	47566	Direct
2018-02-07	Class A Common Stock	M	7227	$30.49	Acquired	54793	Direct
2018-02-07	Class A Common Stock	S	7227	$63.20	Disposed	47566	Direct
2018-02-08	Class A Common Stock	M	31554	$30.49	Acquired	79120	Direct
2018-02-08	Class A Common Stock	S	9800	$60.4361	Disposed	69320	Direct
2018-02-08	Class A Common Stock	S	18000	$61.5552	Disposed	51320	Direct
2018-02-08	Class A Common Stock	S	3254	$62.1715	Disposed	48066	Direct
2018-02-08	Class A Common Stock	S	500	$63.05	Disposed	47566	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-07	Employee Stock Option (right to buy)	$28.24	M	41219	Disposed	2021-12-15	Class A Common Stock (41219)	Direct
2018-02-07	Employee Stock Option (right to buy)	$30.49	M	7227	Disposed	2022-12-21	Class A Common Stock (7227)	Direct
2018-02-08	Employee Stock Option (right to buy)	$30.49	M	31554	Disposed	2022-12-21	Class A Common Stock (31554)	Direct

Footnotes

F1: Shares held following the reported transactions include 33,002 restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $62.5701 to $63.56. 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 $63.57 to $63.87. 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 $62.68 to $63.62. 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: This transaction was executed in multiple trades at prices ranging from $59.97 to $60.92. 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.

F6: This transaction was executed in multiple trades at prices ranging from $60.97 to $61.96. 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.

F7: This transaction was executed in multiple trades at prices ranging from $61.97 to $62.53. 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.

F8: This option was granted for a total of 94,219 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.

F9: This option was granted for a total of 61,700 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 21, 2012, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.