Dolby Laboratories, Inc. — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-02-19

Reporting Person: SHERMAN MARK ANDREW (EVP, GEN. COUN. & SECRTY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-19	Class A Common Stock	M	20000	$42.98	Acquired	68651	Direct
2020-02-19	Class A Common Stock	S	20000	$73.00	Disposed	48651	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-19	Employee Stock Option (right to buy)	$42.98	M	20000	Disposed	2024-12-15	Class A Common Stock (20000)	Direct

Footnotes

F1: Shares held following the reported transactions include 33,200 restricted stock units, which are subject to forfeiture until they vest

F2: This option was granted for a total of 75,212 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, 2014, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.