SEC Form 4 · accession 0001209191-16-151726
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
Nov 21, 2016
Accepted (ET)
Nov 22, 2016 · 4:41 pm EST
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 | Nov 21, 2016 | M | 15,000 | $30.49 | A | 91,604 | D | |
| Class A Common StockF1 | Nov 21, 2016 | S | 15,000 | $46.85 | 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)F2 | $30.49 | Nov 21, 2016 | M | 15,000 | D | — | Dec 21, 2022 | Class A Common Stock | 15,000 | 63,700 | 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 option was granted for a total of 98,700 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.