Dolby Laboratories, Inc. — Director's Dealing 2021

Aug 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2021-08-05

Reporting Person: CHEW LEWIS (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-05	Class A Common Stock	M	30000	$33.15	Acquired	135598	Direct
2021-08-05	Class A Common Stock	S	20698	$97.3849	Disposed	114900	Direct
2021-08-05	Class A Common Stock	S	9302	$97.8609	Disposed	105598	Direct
2021-08-06	Class A Common Stock	M	15000	$33.15	Acquired	120598	Direct
2021-08-06	Class A Common Stock	S	12600	$98.2604	Disposed	107998	Direct
2021-08-06	Class A Common Stock	S	2400	$98.8658	Disposed	105598	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-05	Employee Stock Option (right to buy)	$33.15	M	30000	Disposed	2025-12-15	Class A Common Stock (30000)	Direct
2021-08-06	Employee Stock Option (right to buy)	$33.15	M	15000	Disposed	2025-12-15	Class A Common Stock (15000)	Direct

Footnotes

F1: Shares held following the reported transactions include 34,172 restricted stock units, which are subject to forfeiture until they vest.

F2: The shares were sold in multiple transactions at prices ranging from $96.74 to $97.73, 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 $97.75 to $97.95, 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: The shares were sold in multiple transactions at prices ranging from $97.74 to $98.73, 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: The shares were sold in multiple transactions at prices ranging from $98.74 to $99.07, 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.

F6: This option was granted for a total of 65,000 shares of Class A Common. 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.