Dolby Laboratories, Inc. — Director's Dealing 2019

Aug 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2019-07-31

Reporting Person: SHERMAN MARK ANDREW (EVP, GEN. COUN. & SECRTY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-31	Class A Common Stock	M	20210	$33.15	Acquired	68786	Direct
2019-07-31	Class A Common Stock	S	20210	$67.50	Disposed	48576	Direct
2019-07-31	Class A Common Stock	M	29790	$33.15	Acquired	78366	Direct
2019-07-31	Class A Common Stock	S	29790	$67.50	Disposed	48576	Direct
2019-08-01	Class A Common Stock	M	1460	$33.15	Acquired	50036	Direct
2019-08-01	Class A Common Stock	S	1460	$67.73	Disposed	48576	Direct
2019-08-01	Class A Common Stock	M	6040	$37.35	Acquired	54616	Direct
2019-08-01	Class A Common Stock	S	6040	$67.73	Disposed	48576	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-31	Employee Stock Option (right to buy)	$33.15	M	20210	Disposed	2025-12-15	Class A Common Stock (20210)	Direct
2019-07-31	Employee Stock Option (right to buy)	$33.15	M	29790	Disposed	2022-12-15	Class A Common Stock (29790)	Direct
2019-08-01	Employee Stock Option (right to buy)	$33.15	M	1460	Disposed	2022-12-15	Class A Common Stock (1460)	Direct
2019-08-01	Employee Stock Option (right to buy)	$37.35	M	6040	Disposed	2023-12-16	Class A Common Stock (6040)	Direct

Footnotes

F1: Shares held following the reported transactions include 33,125 restricted stock units, which are subject to forfeiture until they vest

F2: Shares include 397 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2019.

F3: This option was granted for a total of 50,000 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, 2015, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.

F4: This performance-based stock option award was granted for a total of 25,000 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 31,250 shares.

F5: This option was granted for a total of 74,037 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 16, 2013, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.