SEC Form 4 · accession 0001209191-18-015160
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Giles Baker
Officer — SVP, Consumer Entertainment
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 5:45 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 27, 2018 | S | 6,491 | $64.50 | D | 30,594 | D | |
| Class A Common StockF1 | Feb 27, 2018 | M | 9,375 | $33.15 | A | 39,969 | D | |
| Class A Common StockF2,F1 | Feb 27, 2018 | S | 9,375 | $63.2423 | D | 30,594 | D | |
| Class A Common StockF1 | Feb 28, 2018 | M | 20,000 | $37.35 | A | 50,594 | D | |
| Class A Common StockF3,F1 | Feb 28, 2018 | S | 20,000 | $64.3341 | D | 30,594 | 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)F4 | $33.15 | Feb 27, 2018 | M | 9,375 | D | — | Dec 15, 2025 | Class A Common Stock | 9,375 | 22,917 | D |
| Employee Stock Option (right to buy)F5 | $37.35 | Feb 28, 2018 | M | 20,000 | D | — | Dec 16, 2023 | Class A Common Stock | 20,000 | 51,076 | D |
Explanation of responses
- F1Shares held following the reported transactions include 30,594 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $63.23 to $63.25. 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 $64.20 to $64.61. 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.
- F4This option was granted for a total of 50,000 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.
- F5This option was granted for a total of 71,076 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 16, 2013, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.