Dolby Laboratories, Inc. — Director's Dealing 2019

Nov 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2019-11-19

Reporting Person: Forshay Steven E (SVP, Advanced Technology Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-19	Class A Common Stock	M	24000	$30.49	Acquired	90215.826	Direct
2019-11-19	Class A Common Stock	S	24000	$69.8828	Disposed	66215.826	Direct
2019-11-19	Class A Common Stock	M	10600	$39.70	Acquired	76815.826	Direct
2019-11-19	Class A Common Stock	S	10600	$69.8798	Disposed	66215.826	Direct
2019-11-19	Class A Common Stock	M	36000	$42.98	Acquired	102215.826	Direct
2019-11-19	Class A Common Stock	S	36000	$69.8289	Disposed	66215.826	Direct
2019-11-19	Class A Common Stock	M	29400	$37.35	Acquired	95615.826	Direct
2019-11-19	Class A Common Stock	S	29400	$69.782	Disposed	66215.826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-19	Employee Stock Option (right to buy)	$30.49	M	24000	Disposed	2022-12-21	Class A Common Stock (24000)	Direct
2019-11-19	Employee Stock Option (right to buy)	$39.70	M	10600	Disposed	2025-02-17	Class A Common Stock (10600)	Direct
2019-11-19	Employee Stock Option (right to buy)	$42.98	M	36000	Disposed	2024-12-15	Class A Common Stock (36000)	Direct
2019-11-19	Employee Stock Option (right to buy)	$37.35	M	29400	Disposed	2023-12-16	Class A Common Stock (29400)	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 transaction was executed in multiple trades at prices ranging from $69.88 to $69.90. 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: The shares were sold in multiple transactions at prices ranging from $69.87 to $69.88, inclusive. The price reported above reflects the weighted average sale 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: The shares were sold in multiple transactions at prices ranging from $69.81 to $69.87, inclusive. The price reported above reflects the weighted average sale 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: The shares were sold in multiple transactions at prices ranging from $69.66 to $69.81, inclusive. The price reported above reflects the weighted average sale 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 option was granted for a total of 24,000 shares of Class A Common. 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.

F7: 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.

F8: This option was granted for a total of 36,000 shares of Class A Common. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 15, 2014, 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 29,400 shares of Class A Common. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 16, 2013, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.