SEC Form 4/A · accession 0001209191-16-137860
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael Bergeron
Officer — SVP, WW Sales and Field Oper.
Period of report
Aug 16, 2016
Accepted (ET)
Aug 18, 2016 · 8:08 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,F2 | Aug 16, 2016 | M | 1,850 | $40.37 | A | 36,790 | D | |
| Class A Common StockF3,F1 | Aug 16, 2016 | S | 1,850 | $49.0996 | D | 34,940 | D | |
| Class A Common StockF1 | Aug 16, 2016 | M | 29,101 | $37.35 | A | 64,041 | D | |
| Class A Common StockF3,F1 | Aug 16, 2016 | S | 29,101 | $49.0996 | D | 34,940 | D | |
| Class A Common StockF3 | Aug 16, 2016 | S | 19,049 | $49.0987 | D | 12,556 | I | By The Michael and Myrna Bergeron Living Trust DTD 04/23/2009 |
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)F4 | $40.37 | Aug 16, 2016 | M | 1,850 | D | — | May 15, 2022 | Class A Common Stock | 1,850 | 98,633 | D |
| Employee Stock Option (right to buy)F5 | $37.35 | Aug 16, 2016 | M | 29,101 | D | — | Dec 16, 2023 | Class A Common Stock | 29,101 | 34,551 | D |
Explanation of responses
- F1Shares held following the reported transactions include 34,940 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- F2The amount of securities beneficially owned following the reported transaction should have been reported as 36,790, instead of 36,970 as originally reported, due to an administrative error.
- F3This transaction was executed in multiple trades at prices ranging from $49 to $49.235. 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 option was granted for a total of 100,483 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of May 15, 2012, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
- 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.