Dolby Laboratories, Inc. — Director's Dealing 2021

Oct 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2021-10-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-12	Class A Common Stock	M	14730	$37.35	Acquired	47625	Indirect
2021-10-12	Class A Common Stock	S	14730	$87.5557	Disposed	32895	Indirect
2021-10-12	Class A Common Stock	M	14727	$42.98	Acquired	47622	Indirect
2021-10-12	Class A Common Stock	S	14727	$87.5029	Disposed	32895	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-12	Employee Stock Option (right to buy)	$37.35	M	14730	Disposed	2023-12-16	Class A Common Stock (14730)	Indirect
2021-10-12	Employee Stock Option (right to buy)	$42.98	M	14727	Disposed	2024-12-15	Class A Common Stock (14727)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	106414	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $87.13 to $87.905, 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 $87.13 to $87.905 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 106,414 restricted stock units, which are subject to forfeiture until they vest.

F4: This option was granted for a total of 287,265 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.

F5: This option was granted for a total of 291,598 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.