Dolby Laboratories, Inc. — Director's Dealing 2018

Feb 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2018-01-29

Reporting Person: JASPER N WILLIAM JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-29	Class A Common Stock	M	20000	$43.24	Acquired	25233	Direct
2018-01-29	Class A Common Stock	S	20000	$66.7245	Disposed	5233	Direct
2018-01-30	Class A Common Stock	M	20000	$43.24	Acquired	25233	Direct
2018-01-30	Class A Common Stock	S	20000	$64.8009	Disposed	5233	Direct
2018-01-31	Class A Common Stock	M	3527	$43.24	Acquired	8760	Direct
2018-01-31	Class A Common Stock	S	3527	$65.07	Disposed	5233	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-29	Employee Stock Option (right to buy)	$43.24	M	20000	Disposed	2018-02-05	Class A Common Stock (20000)	Direct
2018-01-30	Employee Stock Option (right to buy)	$43.24	M	20000	Disposed	2018-02-05	Class A Common Stock (20000)	Direct
2018-01-31	Employee Stock Option (right to buy)	$43.24	M	3527	Disposed	2018-02-05	Class A Common Stock (3527)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7000	Indirect

Footnotes

F1: Shares held following the reported transactions include 5,233 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 $66.0901 to $67.04. 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 $64.4001 to $65.25. 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 option was granted for a total of 83,527 shares of Class A Common Stock and became fully vested on February 5, 2012.