SEC Form 4 · accession 0001209191-16-139357
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis Chew
Officer — EVP & Chief Financial Officer
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 9:10 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 29, 2016 | M | 12,000 | $37.96 | A | 88,604 | D | |
| Class A Common StockF2,F1 | Aug 29, 2016 | S | 12,000 | $49.79 | D | 76,604 | 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 | $37.96 | Aug 29, 2016 | M | 12,000 | D | — | Jun 15, 2022 | Class A Common Stock | 12,000 | 175,185 | D |
Explanation of responses
- F1Shares held following the reported transactions include 43,473 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $49.79 to $49.81. 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 187,185 shares of Class A Common Stock and became fully vested on June 15, 2016.