SEC Form 4 · accession 0001209191-16-116857
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Yeaman
Officer — President and CEO · Director
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 7:50 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 Stock | Apr 28, 2016 | M | 26,000 | $25.26 | A | 139,103 | I | By the Kevin and Rachel Yeaman Family Trust, dated May 14, 2009 |
| Class A Common StockF1 | Apr 28, 2016 | S | 23,900 | $45.274 | D | 115,203 | I | By the Kevin and Rachel Yeaman Family Trust, dated May 14, 2009 |
| Class A Common StockF2 | Apr 28, 2016 | S | 2,100 | $46.4214 | D | 113,103 | I | By the Kevin and Rachel Yeaman Family Trust, dated May 14, 2009 |
| Class A Common Stock | Apr 29, 2016 | M | 25,230 | $25.26 | A | 138,333 | I | By the Kevin and Rachel Yeaman Family Trust, dated May 14, 2009 |
| Class A Common StockF3 | Apr 29, 2016 | S | 19,866 | $47.134 | D | 118,467 | I | By the Kevin and Rachel Yeaman Family Trust, dated May 14, 2009 |
| Class A Common StockF4 | Apr 29, 2016 | S | 5,364 | $47.4319 | D | 113,103 | I | By the Kevin and Rachel Yeaman Family Trust, dated May 14, 2009 |
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)F5 | $25.26 | Apr 28, 2016 | M | 26,000 | D | — | Nov 14, 2016 | Class A Common Stock | 26,000 | 25,230 | I |
| Employee Stock Option (right to buy)F5 | $25.26 | Apr 29, 2016 | M | 25,230 | D | — | Nov 14, 2016 | Class A Common Stock | 25,230 | 0 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $45 to $45.98. 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.
- F2This transaction was executed in multiple trades at prices ranging from $46 to $46.68. 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 transaction was executed in multiple trades at prices ranging from $46.38 to $47.375. 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.
- F4This transaction was executed in multiple trades at prices ranging from $47.38 to $47.65. 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.
- F5This option was granted for a total of 65,230 shares of Class A Common Stock and became fully vested on November 14, 2010.
Remarks
The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.