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Dolby Laboratories, Inc. — Director's Dealing 2022
Dec 20, 2022
30828_dirs_2022-12-19_a8a43f19-c272-4a6b-81ce-f04c575c2854.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: 2022-12-15
Reporting Person: Nicholson Ryan (VP, Corporate Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-12-15 | Class A Common Stock | F | 780 | $73.17 | Disposed | 13190 | Direct |
| 2022-12-15 | Class A Common Stock | A | 6589 | $0.00 | Acquired | 19779 | Direct |
| 2022-12-16 | Class A Common Stock | F | 195 | $71.07 | Disposed | 19584 | Direct |
| 2022-12-19 | Class A Common Stock | F | 217 | $70.80 | Disposed | 19367 | Direct |
Footnotes
F1: In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
F2: Shares held following the reported transactions include 7,376 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3: Shares include 261 shares and 24 shares acquired under the Issuer's Employee Stock Purchase Plan on May 16, 2022 and November 15, 2022, respectively.
F4: Award represents a total of 6,589 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2022. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
F5: Shares held following the reported transactions include 13,965 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F6: Shares held following the reported transactions include 13,402 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F7: Shares held following the reported transactions include 12,777 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.