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Dolby Laboratories, Inc. — Director's Dealing 2023
Feb 9, 2023
30828_dirs_2023-02-08_08134d1b-9431-473e-91fc-dd0c44abe40a.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: 2023-02-06
Reporting Person: Nicholson Ryan (VP, Corporate Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-06 | Class A Common Stock | M | 3025 | $42.98 | Acquired | 22392 | Direct |
| 2023-02-06 | Class A Common Stock | M | 3600 | $37.35 | Acquired | 25992 | Direct |
| 2023-02-06 | Class A Common Stock | S | 6625 | $84.5568 | Disposed | 19367 | Direct |
| 2023-02-06 | Class A Common Stock | S | 354 | $84.5562 | Disposed | 19013 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-06 | Employee Stock Option (right to buy) | $42.98 | M | 3025 | Disposed | 2024-12-15 | Class A Common Stock (3025) | Direct |
| 2023-02-06 | Employee Stock Option (right to buy) | $37.35 | M | 3600 | Disposed | 2023-12-16 | Class A Common Stock (3600) | Direct |
Footnotes
F1: Shares held following the reported transactions include 12,777 restricted stock units, which are subject to forfeiture until they vest.
F2: This transaction was executed in multiple trades at prices ranging from $84.50 to $84.76. 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 $84.55 to $84.57. 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 option was originally granted for a total of 3,025 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date.
F5: This option was originally granted for a total of 3,600 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date.