SEC Form 4 · accession 0001209191-17-057637

Dolby Laboratories, Inc. · DLB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, GEN. COUN. & SECRTY

Period of report

Oct 18, 2017

Accepted (ET)

Oct 20, 2017 · 4:30 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^F1	Oct 18, 2017	M	7,000	$28.24	A	52,935	D
Class A Common Stock^F2,F1	Oct 18, 2017	S	7,000	$60.0003	D	45,935	D

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	$28.24	Oct 18, 2017	M	7,000	D	—	Dec 15, 2021	Class A Common Stock	7,000	51,219	D

F1Shares held following the reported transactions include 31,861 restricted stock units, which are subject to forfeiture until they vest.
F2This transaction was executed in multiple trades at prices ranging from $60 to $60.005. 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 94,219 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 15, 2011, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.

The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.