SEC Form 4 · accession 0001209191-18-009029
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Yeaman
Officer — President and CEO · Director
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 | 18,063 | $63.2797 | D | 65,396 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF2 | Feb 7, 2018 | S | 2,501 | $63.7294 | D | 62,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common Stock | Feb 7, 2018 | M | 12,655 | $28.66 | A | 75,550 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF3 | Feb 7, 2018 | S | 10,255 | $63.475 | D | 65,295 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF4 | Feb 7, 2018 | S | 2,400 | $63.7638 | D | 62,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common Stock | Feb 7, 2018 | M | 16,781 | $28.24 | A | 79,676 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF5 | Feb 7, 2018 | S | 16,781 | $63.1955 | D | 62,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common Stock | Feb 8, 2018 | M | 50,000 | $28.24 | A | 112,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF6 | Feb 8, 2018 | S | 6,140 | $60.053 | D | 106,755 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF7 | Feb 8, 2018 | S | 15,030 | $60.8699 | D | 91,725 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF8 | Feb 8, 2018 | S | 25,929 | $61.7305 | D | 65,796 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF9 | Feb 8, 2018 | S | 2,901 | $62.688 | D | 62,895 | I | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
| Class A Common StockF10 | holding | — | — | — | 114,828 | 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)F11 | $28.66 | Feb 7, 2018 | M | 12,655 | D | — | Mar 16, 2019 | Class A Common Stock | 12,655 | 0 | I |
| Employee Stock Option (right to buy)F12 | $28.24 | Feb 7, 2018 | M | 16,781 | D | — | Dec 15, 2021 | Class A Common Stock | 16,781 | 243,824 | I |
| Employee Stock Option (right to buy)F12 | $28.24 | Feb 8, 2018 | M | 50,000 | D | — | Dec 15, 2021 | Class A Common Stock | 50,000 | 193,824 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $62.62 to $63.61. 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.
- F10Shares held following the reported transactions include 114,828 restricted stock units, which are subject to forfeiture until they vest.
- F11This option was granted for a total of 134,757 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of March 16, 2009, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
- F12This option was granted for a total of 260,605 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.
- F2This transaction was executed in multiple trades at prices ranging from $63.62 to $63.84. 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 $62.665 to $63.65. 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 $63.67 to $63.86. 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 $62.5801 to $63.55. 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 $59.22 to $60.21. 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 $60.26 to $61.2501. 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 transaction was executed in multiple trades at prices ranging from $61.26 to $62.1901. 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.
- F9This transaction was executed in multiple trades at prices ranging from $62.33 to $63.05. 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.
Remarks
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.