SEC Form 4 · accession 0001209191-18-048494
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
Aug 23, 2018
Accepted (ET)
Aug 27, 2018 · 4:22 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 | Aug 23, 2018 | M | 10,000 | $30.49 | A | 58,056 | D | |
| Class A Common StockF1 | Aug 23, 2018 | S | 10,000 | $70.00 | D | 48,056 | 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 | $30.49 | Aug 23, 2018 | M | 10,000 | D | — | Dec 21, 2022 | Class A Common Stock | 10,000 | 2,919 | D |
Explanation of responses
- F1Shares held following the reported transactions include 33,002 restricted stock units, which are subject to forfeiture until they vest
- F2Shares include 490 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2018.
- F3This 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
**All of the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.**