Dolby Laboratories, Inc. — Director's Dealing 2020

Aug 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-08-26

Reporting Person: Nicholson Ryan (VP, Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-26	Class A Common Stock	S	506	$70.675	Disposed	8789	Direct
2020-08-26	Class A Common Stock	M	395	$28.24	Acquired	9184	Direct
2020-08-26	Class A Common Stock	S	395	$70.6188	Disposed	8789	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-26	Employee Stock Option (right to buy)	$28.24	M	395	Disposed	2021-12-15	Class A Common Stock (395)	Direct

Footnotes

F1: Shares include 364 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2020.

F2: Shares held following the reported transactions include 6,188 restricted stock units, which are subject to forfeiture until they vest.

F3: This option was granted for a total of 1,113 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, 2011, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.