Kevin Yeaman - Jan 11, 2022 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
President and CEO, Director
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Kevin Yeaman
Stock symbol
DLB
Transactions as of
Jan 11, 2022
Transactions value $
-$1,957,283
Form type
4
Date filed
1/12/2022, 07:11 PM
Previous filing
Dec 20, 2021
Next filing
Feb 11, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Sale -$481K -5.17K -19.21% $93.11 21.7K Jan 11, 2022 By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 F1
transaction DLB Class A Common Stock Options Exercise $1.27M +29.5K +135.47% $42.98 51.2K Jan 11, 2022 By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
transaction DLB Class A Common Stock Sale -$2.74M -29.5K -57.53% $93.10 21.7K Jan 11, 2022 By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 F2
holding DLB Class A Common Stock 108K Jan 11, 2022 Direct F3

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 -29.5K -13.51% $0.00 189K Jan 11, 2022 Class A Common Stock 29.5K $42.98 By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $92.65 to $93.53, inclusive. The price reported above reflects the weighted average 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.
F2 This transaction was executed in multiple trades at prices ranging from $92.65 to $93.53, inclusive. The price reported above reflects the weighted average 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 Shares held following the reported transactions include 107,579 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F4 This option was granted for a total of 291,598 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 vested in equal monthly installments over the next 36 months thereafter.

Remarks:

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.