SEC Form 4 · accession 0001209191-15-016325
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Forshay
Officer — SVP, Advanced Technology Group
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 7:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001308547
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Feb 17, 2015 | A | 4,050 | $0.00 | A | 49,437 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $39.70 | Feb 17, 2015 | A | 25,889 | A | — | Feb 17, 2025 | Class A Common Stock | 25,889 | 25,889 | D |
Explanation of responses
- F1Award represents a total of 4,050 restricted stock units granted under the terms of the Issuer's 2005 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 February 17, 2015. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- F2Shares held following the reported transaction include 22,943 restricted stock units, which are subject to forfeiture until they vest.
- F3This option was granted for a total of 25,889 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of February 17, 2015 the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.