Dolby Laboratories, Inc. — Director's Dealing 2019

Aug 29, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2019-08-27

Reporting Person: Nicholson Ryan (VP, Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-27	Class A Common Stock	M	5333	$45.50	Acquired	16958	Direct
2019-08-27	Class A Common Stock	S	5333	$61.031	Disposed	11625	Direct
2019-08-27	Class A Common Stock	S	2864	$61.052	Disposed	8761	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-27	Employee Stock Option (right to buy)	$45.50	M	5333	Disposed	2026-12-15	Class A Common Stock (5333)	Direct

Footnotes

F1: Shares held following the reported transactions include 6,807 restricted stock units, which are subject to forfeiture until they vest.

F2: Shares include 268 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2019.

F3: This transaction was executed in multiple trades at prices ranging from $61.03 to $61.04. 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.

F4: This option was granted for a total of 8,000 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, 2016, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.