TEVANIAN AVADIS 4
4 · Dolby Laboratories, Inc. · Filed Feb 8, 2018
Insider Transaction Report
Form 4
TEVANIAN AVADIS
Director
Transactions
- Award
Class A Common Stock
2018-02-06+3,920→ 3,920 total - Sale
Class A Common Stock
2018-02-06$62.23/sh−1,817$113,067→ 44,790 total(indirect: By Trust) - Sale
Class A Common Stock
2018-02-06$61.60/sh−800$49,277→ 46,607 total(indirect: By Trust)
Footnotes (4)
- [F1]Award represents a total of 3,920 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting, which will occur on the earlier of (i) the first anniversary of the date of grant or (ii) the date immediately preceding the date of Issuer's 2019 annual meeting of stockholders, provided that, in either case, the Reporting Person continues to serve as a member of the Issuer's board of directors on such date.
- [F2]Shares held following the reported transactions include 3,920 restricted stock units, which are subject to forfeiture until they vest.
- [F3]This transaction was executed in multiple trades at prices ranging from $60.94 to $61.92. 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 $61.96 to $62.67. 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.