Todd Pendleton - May 18, 2022 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
May 18, 2022
Transactions value $
-$580,059
Form type
4
Date filed
5/20/2022, 04:27 PM
Previous filing
Dec 20, 2021
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Options Exercise $436 K +6.75 K +17.86% $64.60 44.5 K May 18, 2022 Direct F1
transaction DLB Class A Common Stock Sale -$513 K -6.75 K -15.16% $75.94 37.8 K May 18, 2022 Direct F1, F2
transaction DLB Class A Common Stock Options Exercise $1.46 M +23.4 K +62.02% $62.43 61.2 K May 18, 2022 Direct F1
transaction DLB Class A Common Stock Sale -$1.77 M -23.4 K -38.28% $75.47 37.8 K May 18, 2022 Direct F1, F3
transaction DLB Class A Common Stock Options Exercise $145 K +2.11 K +5.59% $68.40 39.9 K May 18, 2022 Direct F1
transaction DLB Class A Common Stock Sale -$159 K -2.11 K -5.3% $75.14 37.8 K May 18, 2022 Direct F1, F4
transaction DLB Class A Common Stock Options Exercise $872 K +13.5 K +35.73% $64.60 51.3 K May 18, 2022 Direct F1
transaction DLB Class A Common Stock Sale -$1.01 M -13.5 K -26.32% $75.02 37.8 K May 18, 2022 Direct F1, F5
transaction DLB Class A Common Stock Options Exercise $398 K +5.81 K +15.38% $68.40 43.6 K May 19, 2022 Direct F1
transaction DLB Class A Common Stock Sale -$441 K -5.81 K -13.33% $75.80 37.8 K May 19, 2022 Direct F1, F6

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 -6.75 K -56.25% $0.00 5.25 K May 18, 2022 Class A Common Stock 6.75 K $64.60 Direct F7
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -23.4 K -81.82% $0.00 5.21 K May 18, 2022 Class A Common Stock 23.4 K $62.43 Direct F8
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -2.11 K -8.57% $0.00 22.5 K May 18, 2022 Class A Common Stock 2.11 K $68.40 Direct F9
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -13.5 K -100% $0.00 0 May 18, 2022 Class A Common Stock 13.5 K $64.60 Direct F10
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -5.81 K -25.78% $0.00 16.7 K May 19, 2022 Class A Common Stock 5.81 K $68.40 Direct F9

Explanation of Responses:

Id Content
F1 Shares held following the reported transactions include 33,878 restricted stock units, which are subject to forfeiture until they vest.
F2 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.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.