SEC Form 4 · accession 0001288257-17-000015
Dolby Laboratories, Inc. · DLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bob Borchers
Officer — SVP & Chief Marketing Officer
Period of report
Nov 20, 2017
Accepted (ET)
Nov 21, 2017 · 8:21 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 20, 2017 | M | 33,179 | $41.31 | A | 83,280 | D | |
| Class A Common StockF2,F1 | Nov 20, 2017 | S | 33,179 | $61.7353 | D | 50,101 | 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 | $41.31 | Nov 20, 2017 | M | 33,179 | D | — | Jan 15, 2024 | Class A Common Stock | 33,179 | 95,404 | D |
Explanation of responses
- F1Shares held following the reported transactions include 40,748 restricted stock units which are subject to forfeiture until they vest.
- F2This transaction was executed in multiple trades at prices ranging from $61.65 to $61.76. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the staff of the Securities and Exchange Commission, 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 option was granted for a total of 171,425 shares of Class A Common Stock. 1/4th of the total number of shares issuable under the option vested on the first anniversary of January 15, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.