Dolby Laboratories, Inc. — Director's Dealing 2019

Aug 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2019-08-20

Reporting Person: CHEW LEWIS (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-20	Class A Common Stock	M	15000	$30.49	Acquired	106946	Direct
2019-08-20	Class A Common Stock	S	15000	$60.3327	Disposed	91946	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-20	Employee Stock Option (right to buy)	$30.49	M	15000	Disposed	2022-12-21	Class A Common Stock (15000)	Direct

Footnotes

F1: Shares held following the reported transactions include 34,563 restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $60.16 to $60.67. 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 option was granted for a total of 98,700 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.