John Couling - Nov 9, 2021 Form 3 Insider Report for Dolby Laboratories, Inc. (DLB)

Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for John D Couling
Stock symbol
DLB
Transactions as of
Nov 9, 2021
Transactions value $
$0
Form type
3
Date filed
11/17/2021, 07:57 PM
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DLB Class A Common Stock 68.5K Nov 9, 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
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 29.3K $30.49 Direct F2
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 65.2K $37.35 Direct F3
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 62.4K $42.98 Direct F4
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 40K $33.15 Direct F5
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 46K $45.50 Direct F6
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 44K $62.32 Direct F7
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 40K $64.60 Direct F8
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 54.6K $68.40 Direct F9
holding DLB Employee Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 28.9K $92.08 Direct F10
holding DLB Performance-Based Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 25K $33.15 Direct F11
holding DLB Performance-Based Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 21.9K $45.50 Direct F12
holding DLB Performance-Based Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 21.1K $62.32 Direct F13
holding DLB Performance-Based Stock Option (Right to Buy) Nov 9, 2021 Class A Common Stock 20K $64.60 Direct F14
holding DLB Performance-Based Restricted Stock Unit Nov 9, 2021 Class A Common Stock 6K Direct F15
holding DLB Performance-Based Restricted Stock Unit Nov 9, 2021 Class A Common Stock 6.75K Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held include 30,251 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F2 This option was granted for a total of 49,300 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 21, 2012, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months.
F3 This option was granted for a total of 65,153 shares of Class A Common Stock. 1/4 of the total number of shares issuable under this option vested on the first anniversary of December 16, 2013, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months.
F4 This option was granted for a total of 62,440 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, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
F5 This option was granted for a total of 40,000 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, 2015, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
F6 This option was granted for a total of 46,000 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 vest in equal monthly installments over the next 36 months thereafter.
F7 This option was granted for a total of 44,000 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, 2017, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
F8 This option was granted for a total of 40,000 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 in equal monthly installments over the next 36 months thereafter.
F9 This option was granted for a total of 54,550 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 in equal monthly installments over the next 36 months thereafter.
F10 This option was granted for a total of 28,903 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, 2020, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
F11 This performance-based stock option award was granted for a total of 20,000 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, 2018 was at 125% of target, or 25,000 shares.
F12 This performance-based stock option award was granted for a total of 23,000 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 21,850 shares.
F13 This performance-based stock option award was granted for a total of 22,000 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, 2020 was at 96% of target, or 21,120 shares.
F14 The vesting of this performance-based stock option ("PSO") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 17, 2018 and ending December 17, 2021. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 125% of the target award amount based on total shareholder return at the end of the three-year performance period. The actual PSO award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period.
F15 The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 16, 2019 and ending December 13, 2022. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period.
F16 The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 15, 2020 and ending December 12, 2023. Each PSU represents a right to receive, upon vesting, one share of Class A common stock. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period.