Watts David K 4

4 · Dolby Laboratories, Inc. · Filed May 1, 2006

Form 4

Period: 2006-04-28

V.P. and Man. Dir., U.K branch

Transactions

Exercise/Conversion
Employee Stock Option (Right to Buy)
2006-04-28−8,150→ 0 total
Exercise: $1.26Exp: 2011-04-01→ Class B Common Stock (8,150 underlying)
Exercise/Conversion
Class B Common Stock
2006-04-28$1.26/sh+8,150$10,269→ 41,150 total
Exercise: $0.00→ Class A Common Stock (8,150 underlying)
Conversion
Class A Common Stock
2006-04-28+8,150→ 8,150 total
Conversion
Class B Common Stock
2006-04-28−8,150→ 33,000 total
Exercise: $0.00→ Class A Common Stock (8,150 underlying)
Sale
Class A Common Stock
2006-04-28$22.50/sh−8,150$183,375→ 0 total

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.

Documents

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