Todd Pendleton - 18 May 2022 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Reporting relationship: SVP, Chief Marketing Officer
Issuer ticker: DLB
Reported as of: 18 May 2022
Net transaction value: -$580,059
SEC form: 4
Accepted by SEC: 20 May 2022, 16:27:00 UTC
Prior SEC filing: 20 Dec 2021
Next SEC filing: 19 Jul 2022
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 20 May 2022.

Key facts

This page summarizes Todd Pendleton's Form 4 filing for Dolby Laboratories, Inc. (DLB).
15 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 20 May 2022, 16:27.

Change

Previous filing in this sequence was filed on 20 Dec 2021.
Current net transaction value: -$580,059.

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: $436,050
Shares: +6,750
Change %: +18%
Price: $64.60
Shares after: 44,538
Date: 18 May 2022
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $512,575
Shares: -6,750
Change %: -15%
Price: $75.94
Shares after: 37,788
Date: 18 May 2022
Ownership: Direct
Footnotes: F1, F2

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $1,463,172
Shares: +23,437
Change %: +62%
Price: $62.43
Shares after: 61,225
Date: 18 May 2022
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $1,768,755
Shares: -23,437
Change %: -38%
Price: $75.47
Shares after: 37,788
Date: 18 May 2022
Ownership: Direct
Footnotes: F1, F3

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $144,529
Shares: +2,113
Change %: +5.6%
Price: $68.40
Shares after: 39,901
Date: 18 May 2022
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $158,772
Shares: -2,113
Change %: -5.3%
Price: $75.14
Shares after: 37,788
Date: 18 May 2022
Ownership: Direct
Footnotes: F1, F4

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $872,100
Shares: +13,500
Change %: +36%
Price: $64.60
Shares after: 51,288
Date: 18 May 2022
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $1,012,792
Shares: -13,500
Change %: -26%
Price: $75.02
Shares after: 37,788
Date: 18 May 2022
Ownership: Direct
Footnotes: F1, F5

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $397,609
Shares: +5,813
Change %: +15%
Price: $68.40
Shares after: 43,601
Date: 19 May 2022
Ownership: Direct
Footnotes: F1

DLB transaction

Class A Common Stock

Sale

Transaction value: $440,625
Shares: -5,813
Change %: -13%
Price: $75.80
Shares after: 37,788
Date: 19 May 2022
Ownership: Direct
Footnotes: F1, F6

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: -6,750
Change %: -56%
Price: $0.000000
Shares after: 5,250
Date: 18 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,750
Exercise price: $64.60
Footnotes: F7

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -23,437
Change %: -82%
Price: $0.000000
Shares after: 5,209
Date: 18 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 23,437
Exercise price: $62.43
Footnotes: F8

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,113
Change %: -8.6%
Price: $0.000000
Shares after: 22,548
Date: 18 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,113
Exercise price: $68.40
Footnotes: F9

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -13,500
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 13,500
Exercise price: $64.60
Footnotes: F10

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -5,813
Change %: -26%
Price: $0.000000
Shares after: 16,735
Date: 19 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,813
Exercise price: $68.40
Footnotes: F9

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

Shares held following the reported transactions include 33,878 restricted stock units, which are subject to forfeiture until they vest.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.