Dolby Laboratories, Inc. 4
4 · Dolby Laboratories, Inc. · Filed Aug 10, 2016
Insider Transaction Report
Form 4
BERGERON MICHAEL
SVP, WW Sales & Field Oper.
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2016-08-10−17,400→ 9,000 totalExercise: $30.49Exp: 2022-12-21→ Class A Common Stock (17,400 underlying) - Sale
Class A Common Stock
2016-08-09$49.90/sh−50,000$2,495,010→ 34,940 total - Sale
Class A Common Stock
2016-08-10$49.67/sh−17,400$864,296→ 34,940 total - Exercise/Conversion
Employee Stock Option (right to buy)
2016-08-09−50,000→ 26,400 totalExercise: $30.49Exp: 2022-12-21→ Class A Common Stock (50,000 underlying) - Exercise/Conversion
Class A Common Stock
2016-08-09$30.49/sh+50,000$1,524,500→ 84,940 total - Exercise/Conversion
Class A Common Stock
2016-08-10$30.49/sh+17,400$530,526→ 52,340 total - Sale
Class A Common Stock
2016-08-10$49.71/sh−761$37,831→ 31,605 total(indirect: By Trust)
Footnotes (5)
- [F1]Shares held following the reported transactions include 34,940 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- [F2]This transaction was executed in multiple trades at prices ranging from $49.805 to $50. 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]This transaction was executed in multiple trades at prices ranging from $49.50 to $49.80. 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.
- [F4]This transaction was executed in multiple trades at prices ranging from $49.66 to $49.76. 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.
- [F5]This option was granted for a total of 86,400 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 21, 2012, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.