Dolby Laboratories, Inc. — Director's Dealing 2020

Dec 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-12-15

Reporting Person: Nicholson Ryan (VP, Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-15	Class A Common Stock	F	444	$90.86	Disposed	8372	Direct
2020-12-15	Class A Common Stock	A	4500	$0.00	Acquired	12872	Direct
2020-12-16	Class A Common Stock	F	195	$92.08	Disposed	12677	Direct

Footnotes

F1: In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.

F2: Shares held following the reported transactions include 4,907 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F3: Shares include 27 shares acquired under the Issuer's Employee Stock Purchase Plan on November 16, 2020.

F4: Award represents a total of 4,500 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2020. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

F5: Shares held following the reported transactions include 9,407 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F6: Shares held following the reported transactions include 8,845 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.