SEC Form 4/A · accession 0001209191-17-061666
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Bob Borchers
Officer — SVP & Chief Marketing Officer
Period of report
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 9:24 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,F2 | Nov 15, 2017 | M | 26,354 | $33.15 | A | 76,455 | D | |
| Class A Common StockF3,F1,F2 | Nov 15, 2017 | S | 26,354 | $61.0025 | D | 50,101 | D | |
| Class A Common StockF1,F2 | Nov 15, 2017 | M | 23,646 | $41.31 | A | 73,747 | D | |
| Class A Common StockF3,F1,F2 | Nov 15, 2017 | S | 23,646 | $61.0025 | D | 50,101 | D | |
| Class A Common StockF1,F2 | Nov 16, 2017 | M | 16,821 | $41.31 | A | 66,922 | D | |
| Class A Common StockF4,F1,F2 | Nov 16, 2017 | S | 16,821 | $61.0904 | D | 50,101 | D | |
| Class A Common StockF1,F2 | Nov 17, 2017 | M | 50,000 | $41.31 | A | 100,101 | D | |
| Class A Common StockF5,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.