SEC Form 4 · accession 0001209191-18-063593
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Forshay
Officer — SVP, Advanced Technology Group
Period of report
Dec 17, 2018
Accepted (ET)
Dec 19, 2018 · 8:01 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 StockF2 | Dec 17, 2018 | F | 3,285 | $66.17 | D | 62,125 | D | |
| Class A Common StockF3,F4 | Dec 17, 2018 | A | 4,500 | $0.00 | A | 66,625 | 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 | $0.00 | Dec 17, 2018 | A | 27,000 | A | — | Dec 17, 2028 | Class A Common Stock | 27,000 | 27,000 | D |
Explanation of responses
- F1In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
- F2Shares held following the reported transactions include 15,638 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- F3Award represents a total of 4,500 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/2 of the total number of units shall vest one year from December 17, 2018, the Grant Date, and the balance of such shares shall vest on the second anniversary of the Grant Date. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- F4Shares held following the reported transactions include 20,138 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- F5This option was granted for a total of 27,000 shares of Class A Common Stock. 1/2 of the total number of shares issuable under the option vest on the first anniversary of December 17, 2018, the vesting commencement date, and the balance of the shares issuable under the option vest in equal monthly installments over the next 12 months thereafter.