SEC Form 4 · accession 0001209191-16-140945
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dagmar Dolby
10% Owner
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 4:32 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 | Sep 8, 2016 | C | 24,418 | $0.00 | A | 24,418 | I | By Trust |
| Class A Common StockF3,F2 | Sep 8, 2016 | S | 24,418 | $49.9459 | D | 0 | I | By Trust |
| Class A Common StockF1,F4 | Sep 8, 2016 | C | 24,420 | $0.00 | A | 24,420 | I | By Trust |
| Class A Common StockF5,F4 | Sep 8, 2016 | S | 24,420 | $49.9445 | D | 0 | I | By Trust |
| Class A Common StockF1,F6 | Sep 9, 2016 | C | 50,000 | $0.00 | A | 50,000 | I | By Trust |
| Class A Common StockF7,F6 | Sep 9, 2016 | S | 49,800 | $49.0485 | D | 200 | I | By Trust |
| Class A Common StockF6 | Sep 9, 2016 | S | 200 | $49.68 | D | 0 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F8 | — | Sep 8, 2016 | C | 24,418 | D | — | — | Class A Common Stock | 24,418 | 1,473,301 | I |
| Class B Common StockF4,F8 | — | Sep 8, 2016 | C | 24,420 | D | — | — | Class A Common Stock | 24,420 | 1,474,365 | I |
| Class B Common StockF6,F8 | — | Sep 9, 2016 | C | 50,000 | D | — | — | Class A Common Stock | 50,000 | 210,592 | I |
| Class B Common StockF9,F8 | — | holding | — | — | — | — | — | Class A Common Stock | — | 22,374,496 | I |
| Class B Common StockF10,F8 | — | holding | — | — | — | — | — | Class A Common Stock | — | 11,006,194 | I |
| Class B Common StockF11,F8 | — | holding | — | — | — | — | — | Class A Common Stock | — | 4,650,000 | I |
| Class B Common StockF12,F8 | — | holding | — | — | — | — | — | Class A Common Stock | — | 2,500,000 | I |
| Class B Common StockF13,F8 | — | holding | — | — | — | — | — | Class A Common Stock | — | 663,262 | I |
Explanation of responses
- F1Each share of Class A Common Stock issued upon conversion of one share of Class B Common Stock at the election of the reporting person.
- F10Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Dagmar Dolby Trust"), voting power of which is shared by the Trustee and David E. Dolby as Special Trustee of the Dagmar Dolby Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F11Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby 2016 Trust BB, dated March 23, 2016 (the "Dagmar Dolby 2016 Trust BB"), voting power of which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2016 Trust BB. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F12Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dolby Holdings II LLC, a limited liability company (the "Family LLC"), investment power of which is held by Dagmar Dolby, manager of the Family LLC, and voting power of which is held by (i) Thomas E. Dolby, a special manager of the Family LLC, with respect to 50% of such shares, and (ii) David E. Dolby, a special manager of the Family LLC, with respect to 50% of such shares. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F13Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2002 Trust B, dated April 19, 2002 (the "Ray Dolby 2002 Trust B"), voting power of which is held by David E. Dolby as Special Trustee of the Ray Dolby 2002 Trust B. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F2Reflects shares of Class B Common Stock (as converted or convertible, as applicable, into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2011 Trust A, dated December 14, 2011 (the "Ray Dolby 2011 Trust A"), voting power of which is held by Thomas E. Dolby, son of Dagmar Dolby, as Special Trustee of the Ray Dolby 2011 Trust A. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F3The shares were sold in multiple transactions at prices ranging from $49.66 to $50.065, inclusive. The price reported reflects the weighted average sale 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.
- F4Reflects shares of Class B Common Stock (as converted or convertible, as applicable, into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2011 Trust B, dated December 14, 2011 (the "Ray Dolby 2011 Trust B"), voting power of which is held by David E. Dolby, son of Dagmar Dolby, as Special Trustee of the Ray Dolby 2011 Trust B. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F5The shares were sold in multiple transactions at prices ranging from $49.66 to $50.07, inclusive. The price reported reflects the weighted average sale 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.
- F6Reflects shares of Class B Common Stock (as converted or convertible, as applicable, into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2002 Trust A, dated April 19, 2002 (the "Ray Dolby 2002 Trust A"), voting power of which is held by Thomas E. Dolby as Special Trustee of the Ray Dolby 2002 Trust A. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F7The shares were sold in multiple transactions at prices ranging from $48.66 to $49.65, inclusive. The price reported reflects the weighted average sale 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.
- F8Shares of Class B Common Stock are convertible, at no cost, at any time at the option of the holder into shares of Class A Common Stock on a 1-for-1 basis.
- F9Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Marital Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Marital Trust"), voting power of which is shared by the Trustee and David E. Dolby as Special Trustee of the Marital Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
Remarks
**All of the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.**