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Filing Details

Accession Number:: 0001209191-21-008662
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-08 21:19:34
Reporting Period:: 2021-02-05

Accepted Time:: 2021-02-08 21:19:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1308547	Dolby Laboratories Inc.	DLB	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1256708	Andrew Mark Sherman	C/O Dolby Laboratories, Inc. 1275 Market Street San Francisco CA 94103	Evp, Gen. Coun. & Secrty	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2021-02-05	1,436	$91.68	50,237	No	4	S	Direct
Class A Common Stock	Disposition	2021-02-05	227	$92.23	50,010	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-02-05	2,882	$45.50	52,892	No	4	M	Direct
Class A Common Stock	Disposition	2021-02-05	2,707	$91.48	50,185	No	4	S	Direct
Class A Common Stock	Disposition	2021-02-05	175	$92.23	50,010	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-02-05	23,118	$45.50	73,128	No	4	M	Direct
Class A Common Stock	Disposition	2021-02-05	22,622	$91.58	50,506	No	4	S	Direct
Class A Common Stock	Disposition	2021-02-05	496	$92.23	50,010	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-05	2,882	$0.00	2,882	$45.50
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-05	23,118	$0.00	23,118	$45.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
49,118		2026-12-15	No	4	M	Direct
0		2023-12-15	No	4	M	Direct

Footnotes

The shares were sold in multiple transactions at prices ranging from $91.22 to $91.94, 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.
Shares held following the reported transactions include 34,172 restricted stock units, which are subject to forfeiture until they vest
The shares were sold in multiple transactions at prices ranging from $91.17 to $92.08, 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.
The shares were sold in multiple transactions at prices ranging from $91.135 to $92.08, 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.
This option was granted for a total of 52,000 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 15, 2016, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
This performance-based stock option award was granted for a total of 26,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2019 was at 95% of target, or 24,700 shares.