SEC Form 4 · accession 0001209191-17-058625
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Forshay
Officer — SVP, Advanced Technology Group
Period of report
Oct 30, 2017
Accepted (ET)
Nov 1, 2017 · 4:49 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 | Oct 30, 2017 | M | 9,355 | $28.90 | A | 70,686 | D | |
| Class A Common StockF2,F1 | Oct 30, 2017 | S | 9,355 | $57.8642 | D | 61,331 | 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 | $28.90 | Oct 30, 2017 | M | 9,355 | D | — | Feb 9, 2019 | Class A Common Stock | 9,355 | 0 | D |
Explanation of responses
- F1Shares held following the reported transactions include 25,719 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $57.65 to $58.25. 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 9,355 shares of Class A Common Stock and became fully vested on February 9, 2013.
Remarks
The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.