Todd Pendleton - 06 Aug 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Reporting relationship: SVP, Chief Marketing Officer
Issuer ticker: DLB
Reported as of: 06 Aug 2021
Net transaction value: -$461,482
SEC form: 4
Accepted by SEC: 10 Aug 2021, 18:13:41 UTC
Prior SEC filing: 05 Aug 2021
Next SEC filing: 31 Aug 2021
Source filing: View source filing
Reporting owner signature: /s/ Daniel Rodriguez, Attorney-in-Fact for Todd Pendleton

Key filing fact

Todd Pendleton filed Form 4 for Dolby Laboratories, Inc. (DLB) on 10 Aug 2021.

Key facts

This page summarizes Todd Pendleton's Form 4 filing for Dolby Laboratories, Inc. (DLB).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 10 Aug 2021, 18:13.

Change

Previous filing in this sequence was filed on 05 Aug 2021.
Current net transaction value: -$461,482.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $242,250
Shares: +3,750
Change %: +13%
Price: $64.60
Shares after: 32,331
Date: 06 Aug 2021
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $367,861
Shares: -3,750
Change %: -12%
Price: $98.10
Shares after: 28,581
Date: 06 Aug 2021
Ownership: Direct
Footnotes: F1, F2

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $352,917
Shares: +5,653
Change %: +20%
Price: $62.43
Shares after: 34,234
Date: 06 Aug 2021
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $557,578
Shares: -5,653
Change %: -17%
Price: $98.63
Shares after: 28,581
Date: 06 Aug 2021
Ownership: Direct
Footnotes: F1, F3

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $301,234
Shares: +4,404
Change %: +15%
Price: $68.40
Shares after: 32,985
Date: 06 Aug 2021
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $432,443
Shares: -4,404
Change %: -13%
Price: $98.19
Shares after: 28,581
Date: 06 Aug 2021
Ownership: Direct
Footnotes: F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -3,750
Change %: -23%
Price: $0.000000
Shares after: 12,750
Date: 06 Aug 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,750
Exercise price: $64.60
Footnotes: F5

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -5,653
Change %: -15%
Price: $0.000000
Shares after: 31,250
Date: 06 Aug 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,653
Exercise price: $62.43
Footnotes: F6

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -4,404
Change %: -15%
Price: $0.000000
Shares after: 25,542
Date: 06 Aug 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,404
Exercise price: $68.40
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Shares held following the reported transactions include 28,581 restricted stock units, which are subject to forfeiture until they vest

Footnote F2

The shares were sold in multiple transactions at prices ranging from $98.03 to $98.145, 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.

Footnote F3

The shares were sold in multiple transactions at prices ranging from $98.28 to $99.10, 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.

Footnote F4

The shares were sold in multiple transactions at prices ranging from $98.145 to $98.28, 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.

Footnote F5

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.

Footnote F6

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.

Footnote F7

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.