Watts David K 4
4 · Dolby Laboratories, Inc. · Filed May 1, 2006
Insider Transaction Report
Form 4
Watts David K
Sr. V.P. & Man. Dir., U.K. Br.
Transactions
- Conversion
Class A Common Stock
[F1]2006-04-28+8,150→ 8,150 total - Sale
Class A Common Stock
2006-04-28$22.50/sh−8,150$183,375→ 0 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F2]2006-04-28−8,150→ 0 totalExercise: $1.26Exp: 2011-04-01→ Class B Common Stock (8,150 underlying) - Exercise/Conversion
Class B Common Stock
[F3]2006-04-28$1.26/sh+8,150$10,269→ 41,150 totalExercise: $0.00→ Class A Common Stock (8,150 underlying) - Conversion
Class B Common Stock
[F3]2006-04-28−8,150→ 33,000 totalExercise: $0.00→ Class A Common Stock (8,150 underlying)
Footnotes (3)
- [F1]Each share of Class A Common Stock issued upon conversion of one share of Class B Common Stock at the election of the reporting person.
- [F2]This option was granted for a total of 36,150 shares of Class B Common Stock. 1/4 of the total number of shares issuable under the option vests on each anniversary of October 1, 2000, the vesting commencement date. Vested shares under the option were not exercisable until the closing of the issuer's initial public offering.
- [F3]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.
Signature
/s/ Alan G. Smith, Attorney-in-fact|2006-05-01