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Dolby Laboratories, Inc. — Director's Dealing 2019
Dec 3, 2019
30828_dirs_2019-12-02_ee34cb0a-790a-46ba-83be-e701a9d7b515.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2019-11-27
Reporting Person: Forshay Steven E (SVP, Advanced Technology Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-27 | Class A Common Stock | M | 1011 | $39.70 | Acquired | 67226.826 | Direct |
| 2019-11-27 | Class A Common Stock | S | 1011 | $69.50 | Disposed | 66215.826 | Direct |
| 2019-11-29 | Class A Common Stock | M | 7130 | $39.70 | Acquired | 73345.826 | Direct |
| 2019-11-29 | Class A Common Stock | S | 7130 | $69.50 | Disposed | 66215.826 | Direct |
| 2019-11-29 | Class A Common Stock | M | 8791 | $33.15 | Acquired | 75006.826 | Direct |
| 2019-11-29 | Class A Common Stock | S | 8791 | $69.50 | Disposed | 66215.826 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-27 | Employee Stock Option (right to buy) | $39.70 | M | 1011 | Disposed | 2025-02-17 | Class A Common Stock (1011) | Direct |
| 2019-11-29 | Employee Stock Option (right to buy) | $39.70 | M | 7130 | Disposed | 2025-02-17 | Class A Common Stock (7130) | Direct |
| 2019-11-29 | Employee Stock Option (right to buy) | $33.15 | M | 8791 | Disposed | 2022-12-15 | Class A Common Stock (8791) | Direct |
Footnotes
F1: Shares held following the reported transactions include 19,125 restricted stock units, which are subject to forfeiture until they vest.
F2: This option was granted for a total of 25,889 shares of Class A Common. 1/4 of the total number of shares issuable under the option vested on the first anniversary of February 17, 2015, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
F3: This performance-based stock option award was granted for a total of 23,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2018 was at 125% of target, or 28,750 shares