SEC Form 4 · accession 0001209191-16-135006
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
Aug 1, 2016
Accepted (ET)
Aug 2, 2016 · 5:20 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 | Aug 1, 2016 | M | 38,979 | $25.26 | A | 94,692 | D | |
| Class A Common StockF2,F1 | Aug 1, 2016 | S | 38,979 | $49.9215 | D | 55,713 | 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 | $25.26 | Aug 1, 2016 | M | 38,979 | D | — | Nov 14, 2016 | Class A Common Stock | 38,979 | 0 | D |
Explanation of responses
- F1Shares held following the reported transactions include 24,276 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $49.65 to $50.37. 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 38,979 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.