SEC Form 4 · accession 0001209191-18-009028
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Andrew Sherman
Officer — EVP, GEN. COUN. & SECRTY
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 8:23 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 | Feb 7, 2018 | S | 1,554 | $63.10 | D | 47,566 | D | |
| Class A Common StockF1 | Feb 7, 2018 | M | 41,219 | $28.24 | A | 88,785 | D | |
| Class A Common StockF2,F1 | Feb 7, 2018 | S | 33,818 | $63.238 | D | 54,967 | D | |
| Class A Common StockF3,F1 | Feb 7, 2018 | S | 7,401 | $63.6724 | D | 47,566 | D | |
| Class A Common StockF1 | Feb 7, 2018 | M | 7,227 | $30.49 | A | 54,793 | D | |
| Class A Common StockF4,F1 | Feb 7, 2018 | S | 7,227 | $63.20 | D | 47,566 | D | |
| Class A Common StockF1 | Feb 8, 2018 | M | 31,554 | $30.49 | A | 79,120 | D | |
| Class A Common StockF5,F1 | Feb 8, 2018 | S | 9,800 | $60.4361 | D | 69,320 | D | |
| Class A Common StockF6,F1 | Feb 8, 2018 | S | 18,000 | $61.5552 | D | 51,320 | D | |
| Class A Common StockF7,F1 | Feb 8, 2018 | S | 3,254 | $62.1715 | D | 48,066 | D | |
| Class A Common StockF1 | Feb 8, 2018 | S | 500 | $63.05 | D | 47,566 | 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)F8 | $28.24 | Feb 7, 2018 | M | 41,219 | D | — | Dec 15, 2021 | Class A Common Stock | 41,219 | 0 | D |
| Employee Stock Option (right to buy)F9 | $30.49 | Feb 7, 2018 | M | 7,227 | D | — | Dec 21, 2022 | Class A Common Stock | 7,227 | 54,473 | D |
| Employee Stock Option (right to buy)F9 | $30.49 | Feb 8, 2018 | M | 31,554 | D | — | Dec 21, 2022 | Class A Common Stock | 31,554 | 22,919 | D |
Explanation of responses
- F1Shares held following the reported transactions include 33,002 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $62.5701 to $63.56. 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 $63.57 to $63.87. 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 $62.68 to $63.62. 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 $59.97 to $60.92. 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 transaction was executed in multiple trades at prices ranging from $60.97 to $61.96. 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.
- F7This transaction was executed in multiple trades at prices ranging from $61.97 to $62.53. 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.
- F8This 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.
- F9This option was granted for a total of 61,700 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 21, 2012, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
Remarks
The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.