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Filing Details

Accession Number:: 0001209191-23-009875
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-15 18:41:12
Reporting Period:: 2023-02-13

Accepted Time:: 2023-02-15 18:41:12
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
1200469	J Kevin Yeaman	C/O Dolby Laboratories, Inc. 1275 Market Street San Francisco CA 94103	President And Ceo	Yes	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	Explanation
Class A Common Stock	Acquisiton	2023-02-14	30,780	$45.50	82,659	No	4	M	Indirect	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock	Disposition	2023-02-14	17,336	$83.28	65,323	No	4	S	Indirect	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock	Disposition	2023-02-14	13,444	$83.76	51,879	No	4	S	Indirect	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
No	4	S	Indirect	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
No	4	S	Indirect	By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009

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	2023-02-13	98,200	$0.00	98,200	$71.07
Class A Common Stock	Employee Stock Option (Right to Buy)	Acquisiton	2023-02-13	98,200	$0.00	98,200	$71.07
Class A Common Stock	Employee Stock Option (Right to Buy)	Disposition	2023-02-14	30,780	$0.00	30,780	$45.50

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2032-12-15	No	5	G	Direct
98,200	2032-12-15	No	5	G	Indirect
61,559	2023-12-15	No	4	M	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	119,557	Direct

Footnotes

The shares were sold in multiple transactions at prices ranging from $82.67 to $83.66. 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 $83.67 to $83.94. 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 119,557 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Effective February 13, 2023 the Reporting Person transferred this option to a revocable trust for no consideration, for estate planning purposes.
This option was granted for a total of 98,200 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 15, 2022, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
This performance-based stock option award was granted for a total of 97,199 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 92,339 shares.