SEC Form 4 · accession 0001209191-17-061655

Dolby Laboratories, Inc. · DLB

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

Reporting owner

Bob Borchers

Officer — SVP & Chief Marketing Officer

Period of report

Nov 15, 2017

Accepted (ET)

Nov 17, 2017 · 7:37 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
Class A Common Stock^F1,F2	Nov 15, 2017	M	26,354	$33.15	A	76,455	D
Class A Common Stock^F3,F1,F2	Nov 15, 2017	S	26,354	$61.0025	D	50,101	D
Class A Common Stock^F1,F2	Nov 15, 2017	M	23,646	$41.31	A	73,747	D
Class A Common Stock^F3,F1,F2	Nov 15, 2017	S	23,646	$61.0025	D	50,101	D
Class A Common Stock^F1,F2	Nov 16, 2017	M	16,821	$41.31	A	66,922	D
Class A Common Stock^F4,F1,F2	Nov 16, 2017	S	16,821	$61.0904	D	50,101	D
Class A Common Stock^F1,F2	Nov 17, 2017	M	50,000	$41.31	D	100,101	D
Class A Common Stock^F5,F1,F2	Nov 17, 2017	S	50,000	$61.3235	D	50,101	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)^F6	$33.15	Nov 15, 2017	M	26,354	D	—	Dec 15, 2025	Class A Common Stock	26,354	28,646	D
Employee Stock Option (right to buy)^F7	$41.31	Nov 15, 2017	M	23,646	D	—	Jan 15, 2024	Class A Common Stock	23,646	195,404	D
Employee Stock Option (right to buy)^F7	$41.31	Nov 16, 2017	M	16,821	D	—	Jan 15, 2024	Class A Common Stock	16,821	178,583	D
Employee Stock Option (right to buy)^F7	$41.31	Nov 17, 2017	M	50,000	D	—	Jan 15, 2014	Class A Common Stock	50,000	128,583	D

Explanation of responses

F1Shares held following the reported transactions include 40,748 restricted stock units, which are subject to forfeiture until they vest.
F2Shares include 526 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2017.
F3This transaction was executed in multiple trades at prices ranging from $61 to $61.10. 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.
F4This transaction was executed in multiple trades at prices ranging from $61 to $61.27. 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.
F5This transaction was executed in multiple trades at prices ranging from $61.31 to $61.41. 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.
F6This option was granted for a total of 55,000 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, 2015, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
F7This option was granted for a total of 171,425 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of January 15, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.