Dolby Laboratories, Inc. — Director's Dealing 2020

Feb 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2020-02-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-06	Class A Common Stock	M	6794	$42.98	Acquired	55445	Direct
2020-02-06	Class A Common Stock	S	6794	$72.0185	Disposed	48651	Direct
2020-02-06	Class A Common Stock	M	29821	$37.35	Acquired	78472	Direct
2020-02-06	Class A Common Stock	S	29821	$71.9943	Disposed	48651	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-06	Employee Stock Option (right to buy)	$42.98	M	6794	Disposed	2024-12-15	Class A Common Stock (6794)	Direct
2020-02-06	Employee Stock Option (right to buy)	$37.35	M	29821	Disposed	2023-12-16	Class A Common Stock (29821)	Direct

Footnotes

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

F2: The shares were sold in multiple transactions at prices ranging from $71.763 to $72.25, 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: The shares were sold in multiple transactions at prices ranging from $71.66 to $72.25, 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.

F4: 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.

F5: This option was granted for a total of 74,037 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 16, 2013, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.