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: Forshay Steven E (SVP, Advanced Technology Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-15	Class A Common Stock	F	2356	$90.86	Disposed	58961.826	Direct
2020-12-16	Class A Common Stock	M	834	$45.50	Acquired	59795.826	Direct
2020-12-16	Class A Common Stock	S	834	$92.00	Disposed	58961.826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-16	Employee Stock Option (Right to Buy)	$45.50	M	834	Disposed	2026-12-15	Class A Common Stock (834)	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 4,500 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F3: This option was granted for a total of 40,000 shares of Class A Common. 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 vested in equal monthly installments over the next 36 months thereafter.