Dolby Laboratories, Inc. — Director's Dealing 2020

Dec 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-12-04

Reporting Person: Baker Giles (SVP, Consumer Entertainment)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-04	Class A Common Stock	M	22041	$45.50	Acquired	53291	Direct
2020-12-04	Class A Common Stock	S	22041	$91.00	Disposed	31250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-04	Employee Stock Option (right to buy)	$45.50	M	22041	Disposed	2026-12-15	Class A Common Stock (22041)	Direct

Footnotes

F1: Shares held following the reported transactions include 31,250 restricted stock units, which are subject to forfeiture until they vest.

F2: This option was granted for a total of 46,000 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, 2016, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.