SEC Form 4 · accession 0001209191-17-053000
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Yeaman
Officer — President and CEO · Director
Period of report
Sep 13, 2017
Accepted (ET)
Sep 15, 2017 · 4:41 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 Stock | Sep 13, 2017 | M | 45,000 | $28.66 | A | 132,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF1 | Sep 13, 2017 | S | 20,000 | $55.1031 | D | 112,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF2 | Sep 13, 2017 | S | 25,000 | $57.5413 | D | 87,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 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)F3 | $28.66 | Sep 13, 2017 | M | 45,000 | D | — | Mar 16, 2019 | Class A Common Stock | 45,000 | 42,655 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $55.00 to $55.23. 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.
- F2This transaction was executed in multiple trades at prices ranging from $57.50 to $57.705. 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 134,757 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of March 16, 2009, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
Remarks
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.