SEC Form 4 · accession 0001209191-16-121447
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael Bergeron
Officer — SVP, WW Sales and Field Oper.
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 7:33 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 StockF2,F3 | May 16, 2016 | F | 1,961 | $45.56 | D | 67,162 | D | |
| Class A Common StockF2 | May 17, 2016 | M | 40,000 | $37.35 | A | 107,162 | D | |
| Class A Common StockF4,F2 | May 17, 2016 | S | 40,000 | $45.0167 | D | 67,162 | D | |
| Class A Common StockF2 | May 17, 2016 | M | 10,000 | $30.49 | A | 77,162 | D | |
| Class A Common StockF4,F2 | May 17, 2016 | S | 10,000 | $45.0167 | D | 67,162 | 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)F5 | $37.35 | May 17, 2016 | M | 40,000 | D | — | Dec 16, 2023 | Class A Common Stock | 40,000 | 63,652 | D |
| Employee Stock Option (right to buy)F6 | $30.49 | May 17, 2016 | M | 10,000 | D | — | Dec 21, 2022 | Class A Common Stock | 10,000 | 76,400 | D |
Explanation of responses
- F1In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units.
- F2Shares held following the reported transactions include 34,940 restricted stock units, which are subject to forfeiture until they vest.
- F3Shares include 575 shares acquired under the Issuer's Employee Stock Purchase Plan on May 16, 2016.
- F4This transaction was executed in multiple trades at prices ranging from $44.63 to $45.435. 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 103,652 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 16, 2013, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
- F6This option was granted for a total of 86,400 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 21, 2012, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.