Dolby Laboratories, Inc. 4
4 · Dolby Laboratories, Inc. · Filed Mar 2, 2005
Insider Transaction Report
Form 4
Watts David K
V.P. and Man. Dir., U.K branch
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2005-03-01−33,750→ 0 totalExercise: $1.26From: 2005-02-23Exp: 2011-04-01→ Class B Common Stock (33,750 underlying) - Exercise/Conversion
Class B Common Stock
2005-03-01$1.26/sh+33,750$42,525→ 33,750 totalExercise: $0.00→ Class A Common Stock (33,750 underlying)
Footnotes (2)
- [F1]The option was granted for a total of 33,750 shares of Class B Common Stock. 1/4 of the total number of shares issuable under the option vested on each anniversary of October 1, 2000, the vesting commencement date. All shares under the option vested as of October 1, 2004. None of the vested shares was exercisable until the closing of the issuer's initial public offering on February 23, 2005.
- [F2]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.