SEC Form 4 · accession 0001209191-15-081293
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter C Gotcher
Director
Period of report
Nov 18, 2015
Accepted (ET)
Nov 19, 2015 · 4:19 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 | Nov 18, 2015 | M | 11,137 | $18.05 | A | 69,518 | D | |
| Class A Common StockF2,F1 | Nov 18, 2015 | S | 11,137 | $34.684 | D | 58,381 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $18.05 | Nov 18, 2015 | M | 11,137 | D | — | Feb 14, 2016 | Class A Common Stock | 11,137 | 0 | D |
Explanation of responses
- F1Shares held following the reported transactions include 7,759 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $34.65 to $34.77. 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 11,137 shares of Class A Common Stock. 1/3 of the total number of shares issuable under the option vested on each anniversary of February 14, 2006, the vesting commencement date.