SEC Form 4 · accession 0001209191-18-057269
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis Chew
Officer — EVP & Chief Financial Officer
Period of report
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 6:08 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 | Nov 1, 2018 | M | 18,086 | $37.96 | A | 104,456 | D | |
| Class A Common StockF2,F1 | Nov 1, 2018 | S | 18,086 | $70.0318 | D | 86,370 | D | |
| Class A Common StockF1 | Nov 2, 2018 | M | 16,914 | $37.96 | A | 103,284 | D | |
| Class A Common StockF3,F1 | Nov 2, 2018 | S | 16,214 | $68.7794 | D | 87,070 | D | |
| Class A Common StockF4 | Nov 2, 2018 | S | 700 | $69.3157 | D | 86,370 | 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)F5 | $37.96 | Nov 1, 2018 | M | 18,086 | D | — | Jun 15, 2022 | Class A Common Stock | 18,086 | 89,099 | D |
| Employee Stock Option (right to buy)F5 | $37.96 | Nov 2, 2018 | M | 16,914 | D | — | Jun 15, 2022 | Class A Common Stock | 16,914 | 72,185 | D |
Explanation of responses
- F1Shares held following the reported transactions include 36,533 restricted stock units, which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $70 to $70.17. 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.
- F3The shares were sold in multiple transactions at prices ranging from $68.20 to $69.14, inclusive. The price reported above reflects the weighted average sale 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.
- F4The shares were sold in multiple transactions at prices ranging from $69.25 to $69.40, inclusive. The price reported above reflects the weighted average sale 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 option was granted for a total of 187,185 shares of Class A Common and became fully vested on June 15, 2016.