SEC Form 4 · accession 0001209191-15-047712
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
May 26, 2015
Accepted (ET)
May 28, 2015 · 7:13 pm EDT
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 | May 26, 2015 | M | 11,548 | $17.24 | A | 60,985 | D | |
| Class A Common StockF2,F1 | May 26, 2015 | S | 11,548 | $39.1947 | D | 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 | $17.24 | May 26, 2015 | M | 11,548 | D | — | Jun 16, 2015 | Class A Common Stock | 11,548 | 0 | D |
Explanation of responses
- F1Shares held following the reported transactions include 22,943 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $38.96 to $39.62. 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.
- F3This option was granted for a total of 44,548 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on each anniversary of June 16, 2005, the vesting commencement date.
Remarks
The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.