SEC Form 4 · accession 0001209191-18-043030
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Pendleton
Officer — SVP, Chief Marketing Officer
Period of report
Jul 16, 2018
Accepted (ET)
Jul 18, 2018 · 4:13 pm EDT
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,F2 | Jul 16, 2018 | A | 17,500 | $0.00 | A | 17,500 | 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)F3 | $62.43 | Jul 16, 2018 | A | 125,000 | A | — | Jul 16, 2028 | Class A Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1Award represents a total of 17,500 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of July 16, 2018. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- F2Shares held following the reported transactions include 17,500 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- F3This option was granted for a total of 125,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vest on the first anniversary of July 16, 2018, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.