Todd Pendleton - Aug 31, 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
SVP, Chief Marketing Officer
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Todd Pendleton
Stock symbol
DLB
Transactions as of
Aug 31, 2021
Transactions value $
-$146,378
Form type
4
Date filed
8/31/2021, 08:54 PM
Previous filing
Aug 10, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Options Exercise $48.5K +750 +2.62% $64.60 29.3K Aug 31, 2021 Direct F1
transaction DLB Class A Common Stock Sale -$74K -750 -2.56% $98.62 28.6K Aug 31, 2021 Direct F1
transaction DLB Class A Common Stock Options Exercise $163K +2.6K +9.11% $62.43 31.2K Aug 31, 2021 Direct F1
transaction DLB Class A Common Stock Sale -$257K -2.6K -8.35% $98.62 28.6K Aug 31, 2021 Direct F1
transaction DLB Class A Common Stock Options Exercise $60.3K +881 +3.08% $68.40 29.5K Aug 31, 2021 Direct F1
transaction DLB Class A Common Stock Sale -$86.9K -881 -2.99% $98.62 28.6K Aug 31, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -750 -5.88% $0.00 12K Aug 31, 2021 Class A Common Stock 750 $64.60 Direct F2
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -2.6K -8.33% $0.00 28.6K Aug 31, 2021 Class A Common Stock 2.6K $62.43 Direct F3
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -881 -3.45% $0.00 24.7K Aug 31, 2021 Class A Common Stock 881 $68.40 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held following the reported transactions include 28,581 restricted stock units, which are subject to forfeiture until they vest
F2 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.
F3 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.
F4 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.