Filing Details

Accession Number:
0001209191-16-156017
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-12-19 19:17:46
Reporting Period:
2016-12-15
Filing Date:
2016-12-19
Accepted Time:
2016-12-19 19:17:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1308547 Dolby Laboratories Inc. DLB () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1200469 J Kevin Yeaman C/O Dolby Laboratories, Inc.
1275 Market Street
San Francisco CA 94103
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2016-12-15 46,551 $0.00 168,710 No 4 A Direct
Class A Common Stock Disposition 2016-12-15 12,146 $45.50 145,435 No 4 F Direct
Class A Common Stock Disposition 2016-12-16 7,049 $45.86 131,926 No 4 F Direct
Class A Common Stock Disposition 2016-12-16 2,504 $45.71 132,206 No 4 S Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock Disposition 2016-12-19 2,907 $45.94 129,299 No 4 S Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 F Direct
No 4 S Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
No 4 S Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Performance-Based Stock Option (Right to Buy) Acquisiton 2016-12-15 97,199 $0.00 97,199 $45.50
Class A Common Stock Employee Stock Option (Right to Buy) Acquisiton 2016-12-15 194,399 $0.00 194,399 $45.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
97,199 2023-12-15 No 4 A Direct
194,399 2026-12-15 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 128,250 Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock 134,710 Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Footnotes
  1. Award represents a total of 46,551 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2016. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
  2. Shares held following the reported transactions include 168,710 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
  3. In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units.
  4. Shares held following the reported transactions include 145,435 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
  5. Shares held following the reported transactions include 131,926 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
  6. This transaction was executed in multiple trades at prices ranging from $45.50 to $45.92. 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.
  7. This transaction was executed in multiple trades at prices ranging from $45.75 to $46.23. 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.
  8. 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 15, 2016 and ending December 15, 2019. 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.
  9. This option was granted for a total of 194,399 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, 2016, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.