Filing Details

Accession Number:
0001209191-23-009875
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-15 18:41:12
Reporting Period:
2023-02-13
Accepted Time:
2023-02-15 18:41:12
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 2023-02-14 30,780 $45.50 82,659 No 4 M Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock Disposition 2023-02-14 17,336 $83.28 65,323 No 4 S Indirect By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009
Class A Common Stock Disposition 2023-02-14 13,444 $83.76 51,879 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 M 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
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 Employee Stock Option (Right to Buy) Disposition 2023-02-13 98,200 $0.00 98,200 $71.07
Class A Common Stock Employee Stock Option (Right to Buy) Acquisiton 2023-02-13 98,200 $0.00 98,200 $71.07
Class A Common Stock Employee Stock Option (Right to Buy) Disposition 2023-02-14 30,780 $0.00 30,780 $45.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2032-12-15 No 5 G Direct
98,200 2032-12-15 No 5 G Indirect
61,559 2023-12-15 No 4 M Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 119,557 Direct
Footnotes
  1. The shares were sold in multiple transactions at prices ranging from $82.67 to $83.66. 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.
  2. The shares were sold in multiple transactions at prices ranging from $83.67 to $83.94. 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.
  3. Shares held following the reported transactions include 119,557 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
  4. Effective February 13, 2023 the Reporting Person transferred this option to a revocable trust for no consideration, for estate planning purposes.
  5. This option was granted for a total of 98,200 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, 2022, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
  6. This performance-based stock option award was granted for a total of 97,199 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 92,339 shares.