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Filing Details

Accession Number:: 0001209191-22-031016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-20 16:27:00
Reporting Period:: 2022-05-18

Accepted Time:: 2022-05-20 16:27:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1308547	Dolby Laboratories Inc.	DLB	Patent Owners & Lessors (6794)	900199783

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1746636	Todd Pendleton	C/O Dolby Laboratories, Inc. 1275 Market Street San Francisco CA 94103	Svp, Chief Marketing Officer	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	Acquisiton	2022-05-18	6,750	$64.60	44,538	No	4	M	Direct
Class A Common Stock	Disposition	2022-05-18	6,750	$75.94	37,788	No	4	S	Direct
Class A Common Stock	Acquisiton	2022-05-18	23,437	$62.43	61,225	No	4	M	Direct
Class A Common Stock	Disposition	2022-05-18	23,437	$75.47	37,788	No	4	S	Direct
Class A Common Stock	Acquisiton	2022-05-18	2,113	$68.40	39,901	No	4	M	Direct
Class A Common Stock	Disposition	2022-05-18	2,113	$75.14	37,788	No	4	S	Direct
Class A Common Stock	Acquisiton	2022-05-18	13,500	$64.60	51,288	No	4	M	Direct
Class A Common Stock	Disposition	2022-05-18	13,500	$75.02	37,788	No	4	S	Direct
Class A Common Stock	Acquisiton	2022-05-19	5,813	$68.40	43,601	No	4	M	Direct
Class A Common Stock	Disposition	2022-05-19	5,813	$75.80	37,788	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	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	2022-05-18	6,750	$0.00	6,750	$64.60
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2022-05-18	23,437	$0.00	23,437	$62.43
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2022-05-18	2,113	$0.00	2,113	$68.40
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2022-05-18	13,500	$0.00	13,500	$64.60
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2022-05-19	5,813	$0.00	5,813	$68.40

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,250	2028-12-17	No	4	M	Direct
5,209	2028-07-16	No	4	M	Direct
22,548	2029-12-16	No	4	M	Direct
0	2025-12-17	No	4	M	Direct
16,735	2029-12-16	No	4	M	Direct

Footnotes

Shares held following the reported transactions include 33,878 restricted stock units, which are subject to forfeiture until they vest.
The shares were sold in multiple transactions at prices ranging from $75.77 to $76.07, 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 $75.155 to $75.76, 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 $75.13 to $75.15, 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 $75.00 to $75.12, 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 $75.73 to $75.86, 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 36,000 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 17, 2018, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
This option was granted for a total of 125,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of July 16, 2018, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
This option was granted for a total of 42,275 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 16, 2019, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
This performance-based stock option award was granted for a total of 18,000 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 17, 2021 was at 75% of target, or 13,500 shares.