Borchers Bob 4
4 · Dolby Laboratories, Inc. · Filed Nov 17, 2017
Insider Transaction Report
Form 4
Borchers Bob
SVP & Chief Marketing Officer
Transactions
- Sale
Class A Common Stock
2017-11-15$61.00/sh−26,354$1,607,660→ 50,101 total - Exercise/Conversion
Class A Common Stock
2017-11-17$41.31/sh−50,000$2,065,500→ 100,101 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-15−26,354→ 28,646 totalExercise: $33.15Exp: 2025-12-15→ Class A Common Stock (26,354 underlying) - Sale
Class A Common Stock
2017-11-17$61.32/sh−50,000$3,066,175→ 50,101 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-15−23,646→ 195,404 totalExercise: $41.31Exp: 2024-01-15→ Class A Common Stock (23,646 underlying) - Sale
Class A Common Stock
2017-11-15$61.00/sh−23,646$1,442,465→ 50,101 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-17−50,000→ 128,583 totalExercise: $41.31Exp: 2014-01-15→ Class A Common Stock (50,000 underlying) - Sale
Class A Common Stock
2017-11-16$61.09/sh−16,821$1,027,602→ 50,101 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-16−16,821→ 178,583 totalExercise: $41.31Exp: 2024-01-15→ Class A Common Stock (16,821 underlying) - Exercise/Conversion
Class A Common Stock
2017-11-15$41.31/sh+23,646$976,816→ 73,747 total - Exercise/Conversion
Class A Common Stock
2017-11-16$41.31/sh+16,821$694,876→ 66,922 total - Exercise/Conversion
Class A Common Stock
2017-11-15$33.15/sh+26,354$873,635→ 76,455 total
Footnotes (7)
- [F1]Shares held following the reported transactions include 40,748 restricted stock units, which are subject to forfeiture until they vest.
- [F2]Shares include 526 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2017.
- [F3]This transaction was executed in multiple trades at prices ranging from $61 to $61.10. 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 $61 to $61.27. 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 transaction was executed in multiple trades at prices ranging from $61.31 to $61.41. 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.
- [F6]This option was granted for a total of 55,000 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 15, 2015, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.
- [F7]This option was granted for a total of 171,425 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of January 15, 2014, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.