SEC Form 4 · accession 0001209191-17-063134

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 28, 2017

Accepted (ET)

Nov 30, 2017 · 9:34 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	Nov 28, 2017	M	50,000	$41.31	A	100,101	D
Class A Common Stock^F2,F1	Nov 28, 2017	S	50,000	$62.7168	D	50,101	D
Class A Common Stock^F1	Nov 29, 2017	M	36,276	$41.31	A	86,377	D
Class A Common Stock^F3,F1	Nov 29, 2017	S	36,276	$61.8107	D	50,101	D
Class A Common Stock^F1	Nov 29, 2017	M	13,724	$42.98	A	63,825	D
Class A Common Stock^F3,F1	Nov 29, 2017	S	13,724	$61.8107	D	50,101	D
Class A Common Stock^F1	Nov 30, 2017	M	48,361	$42.98	A	98,462	D
Class A Common Stock^F4,F1	Nov 30, 2017	S	48,361	$61.9276	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)^F5	$41.31	Nov 28, 2017	M	50,000	D	—	Jan 15, 2024	Class A Common Stock	50,000	45,404	D
Employee Stock Option (right to buy)^F5	$41.31	Nov 29, 2017	M	36,276	D	—	Jan 15, 2024	Class A Common Stock	36,276	9,128	D
Employee Stock Option (right to buy)^F6	$42.98	Nov 29, 2017	M	13,724	D	—	Dec 15, 2024	Class A Common Stock	13,724	71,422	D
Employee Stock Option (right to buy)^F6	$42.98	Nov 30, 2017	M	48,361	D	—	Dec 15, 2024	Class A Common Stock	48,361	23,061	D

Explanation of responses

F1Shares held following the reported transactions include 40,748 restricted stock units, which are subject to forfeiture until they vest.
F2This transaction was executed in multiple trades at prices ranging from $62.55 to $62.85. 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 transaction was executed in multiple trades at prices ranging from $61.75 to $61.85. 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 $61.90 to $62.10. 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.
F5This option was granted for a total of 219,050 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.
F6This option was granted for a total of 85,146 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, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.