Dolby Laboratories, Inc. — Director's Dealing 2022

Oct 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2022-10-03

Reporting Person: Couling John D (SVP, Entertainment)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-03	Class A Common Stock	M	29300	$30.49	Acquired	108535	Direct
2022-10-03	Class A Common Stock	S	29300	$66.3035	Disposed	79235	Direct
2022-10-03	Class A Common Stock	M	20700	$33.15	Acquired	99935	Direct
2022-10-03	Class A Common Stock	S	8680	$65.3259	Disposed	91255	Direct
2022-10-03	Class A Common Stock	S	12020	$65.8143	Disposed	79235	Direct
2022-10-04	Class A Common Stock	M	4300	$33.15	Acquired	83535	Direct
2022-10-04	Class A Common Stock	S	4300	$67.7213	Disposed	79235	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-03	Employee Stock Option (right to buy)	$30.49	M	29300	Disposed	2022-12-21	Class A Common Stock (29300)	Direct
2022-10-03	Employee Stock Option (right to buy)	$33.15	M	20700	Disposed	2022-12-15	Class A Common Stock (20700)	Direct
2022-10-04	Employee Stock Option (right to buy)	$33.15	M	4300	Disposed	2022-12-15	Class A Common Stock (4300)	Direct

Footnotes

F1: Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest.

F2: This transaction was executed in multiple trades at prices ranging from $65.91 to $66.655. 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.

F3: This transaction was executed in multiple trades at prices ranging from $64.69 to $65.685. 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.

F4: This transaction was executed in multiple trades at prices ranging from $65.69 to $65.91. 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.

F5: This transaction was executed in multiple trades at prices ranging from $67.20 to $67.945. 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.

F6: This option was granted for a total of 49,300 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on each anniversary of December 21, 2012, the vesting commencement date.

F7: This performance-based stock option award was granted for a total of 20,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2018 was at 125% of target, or 25,000 shares.