Dolby Laboratories, Inc. — Director's Dealing 2020

Aug 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-08-05

Reporting Person: YEAMAN KEVIN J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-05	Class A Common Stock	M	50000	$33.15	Acquired	82895	Indirect
2020-08-05	Class A Common Stock	S	50000	$69.9012	Disposed	32895	Indirect
2020-08-06	Class A Common Stock	M	29832	$33.15	Acquired	62727	Indirect
2020-08-06	Class A Common Stock	S	29832	$69.7874	Disposed	32895	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-05	Employee Stock Option (right to buy)	$33.15	M	50000	Disposed	2025-12-15	Class A Common Stock (50000)	Indirect
2020-08-06	Employee Stock Option (right to buy)	$33.15	M	29832	Disposed	2025-12-15	Class A Common Stock (29832)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	107388	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $69.32 to $70.71, inclusive. The price reported above reflects the weighted average sale 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.

F2: The shares were sold in multiple transactions at prices ranging from $69.63 to $70.25, inclusive. The price reported above reflects the weighted average sale 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.

F3: Shares held following the reported transactions include 107,388 restricted stock units, which are subject to forfeiture until they vest.

F4: This option was granted for a total of 194,399 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, 2015, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.