SEC Form 4 · accession 0001209191-18-009827

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 9, 2018

Accepted (ET)

Feb 13, 2018 · 8:15 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 Stock	Feb 9, 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 Stock^F1	Feb 9, 2018	S	39,904	$58.7487	D	72,991	I	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock^F2	Feb 9, 2018	S	7,896	$59.924	D	65,095	I	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock^F3	Feb 9, 2018	S	2,200	$60.6487	D	62,895	I	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock	Feb 12, 2018	M	18,548	$28.24	A	81,443	I	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock^F4	Feb 12, 2018	S	18,548	$61.4005	D	62,895	I	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock^F5	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)^F6	$28.24	Feb 9, 2018	M	50,000	D	—	Dec 15, 2021	Class A Common Stock	50,000	143,824	I
Employee Stock Option (right to buy)^F6	$28.24	Feb 12, 2018	M	18,548	D	—	Dec 15, 2021	Class A Common Stock	18,548	125,276	I

Explanation of responses

F1This transaction was executed in multiple trades at prices ranging from $58.38 to $59.3601. 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.
F2This transaction was executed in multiple trades at prices ranging from $59.4201 to $60.37. 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 $60.4301 to $60.78. 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 $60.65 to $61.57. 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.
F5Shares held following the reported transactions include 114,828 restricted stock units, which are subject to forfeiture until they vest.
F6This 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.

Remarks

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.