Dolby Laboratories, Inc. — Director's Dealing 2020

Nov 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-11-16

Reporting Person: Forshay Steven E (SVP, Advanced Technology Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-16	Class A Common Stock	M	833	$45.50	Acquired	62150.826	Direct
2020-11-16	Class A Common Stock	S	833	$85.97	Disposed	61317.826	Direct
2020-11-18	Class A Common Stock	M	19698	$64.60	Acquired	81015.826	Direct
2020-11-18	Class A Common Stock	S	19698	$89.15	Disposed	61317.826	Direct
2020-11-18	Class A Common Stock	M	3000	$62.32	Acquired	64317.826	Direct
2020-11-18	Class A Common Stock	S	3000	$89.15	Disposed	61317.826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-16	Employee Stock Option (right to buy)	$45.50	M	833	Disposed	2026-12-15	Class A Common Stock (833)	Direct
2020-11-18	Employee Stock Option (right to buy)	$64.60	M	19698	Disposed	2028-12-17	Class A Common Stock (19698)	Direct
2020-11-18	Employee Stock Option (right to buy)	$62.32	M	3000	Disposed	2027-12-15	Class A Common Stock (3000)	Direct

Footnotes

F1: This transaction was done pursuant to a Rule 10b5-1 trading plan.

F2: Shares held following the reported transactions include 9,250 restricted stock units, which are subject to forfeiture until they vest.

F3: This transaction was executed in multiple trades at prices ranging from $89.185 to $89.15. The price reported above reflects the weighted average 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: 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 vest in equal monthly installments over the next 36 months thereafter.

F5: This option was granted for a total of 27,000 shares of Class A Common. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 17, 2018, 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 36,000 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, 2017, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.