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Dolby Laboratories, Inc. — Director's Dealing 2021
Aug 18, 2021
30828_dirs_2021-08-17_d82bed1b-2246-45e1-87af-31bbffbdcd2d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2021-08-16
Reporting Person: Nicholson Ryan (VP, Corporate Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-16 | Class A Common Stock | S | 364 | $101.0347 | Disposed | 10186 | Direct |
| 2021-08-16 | Class A Common Stock | M | 2900 | $30.49 | Acquired | 13086 | Direct |
| 2021-08-16 | Class A Common Stock | S | 2900 | $101.0571 | Disposed | 10186 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-16 | Employee Stock Option (right to buy) | $30.49 | M | 2900 | Disposed | 2022-12-21 | Class A Common Stock (2900) | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $101.023 to $101.045. The price reported above reflects the weighted average 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: Shares held following the reported transactions include 8,220 restricted stock units, which are subject to forfeiture until they vest.
F3: Shares include 327 shares acquired under the Issuer's Employee Stock Purchase Plan on May 17, 2021.
F4: The shares were sold in multiple transactions at prices ranging from $101.055 to $101.061, 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.
F5: This option was granted for a total of 4,800 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 21, 2012, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.