Dolby Laboratories, Inc. — Director's Dealing 2019

Feb 26, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2019-02-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-21	Class A Common Stock	S	1764	$64.9887	Disposed	48179	Direct
2019-02-21	Class A Common Stock	M	2919	$30.49	Acquired	51098	Direct
2019-02-21	Class A Common Stock	S	2919	$65.008	Disposed	48179	Direct
2019-02-21	Class A Common Stock	M	19518	$33.15	Acquired	67697	Direct
2019-02-21	Class A Common Stock	S	19518	$65.0913	Disposed	48179	Direct
2019-02-22	Class A Common Stock	M	5063	$33.15	Acquired	53242	Direct
2019-02-22	Class A Common Stock	S	5063	$65.00	Disposed	48179	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-21	Employee Stock Option (right to buy)	$30.49	M	2919	Disposed	2022-12-21	Class A Common Stock (2919)	Direct
2019-02-21	Employee Stock Option (right to buy)	$33.15	M	19518	Disposed	2025-12-15	Class A Common Stock (19518)	Direct
2019-02-22	Employee Stock Option (right to buy)	$33.15	M	5063	Disposed	2025-12-15	Class A Common Stock (5063)	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $64.88 to $65.11, 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.

F2: Shares held following the reported transactions include 33,125 restricted stock units, which are subject to forfeiture until they vest

F3: The shares were sold in multiple transactions at prices ranging from $65.00 to $65.03, 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 $65.03 to $65.20, 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: This option was granted for a total of 61,700 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 21, 2012, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.

F6: 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.