4//SEC Filing
Baker Giles 4
Accession 0001209191-20-064229
CIK 0001308547other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 7:23 PM ET
Size
26.8 KB
Accession
0001209191-20-064229
Insider Transaction Report
Form 4
Baker Giles
SVP, Consumer Entertainment
Transactions
- Award
Class A Common Stock
2020-12-15+13,501→ 41,713 total - Exercise/Conversion
Class A Common Stock
2020-12-16$45.50/sh+959$43,635→ 38,035 total - Sale
Class A Common Stock
2020-12-16$91.31/sh−526$48,031→ 37,076 total - Award
Employee Stock Option (Right to Buy)
2020-12-15+28,903→ 28,903 totalExercise: $92.08Exp: 2030-12-15→ Class A Common Stock (28,903 underlying) - Sale
Class A Common Stock
2020-12-16$90.90/sh−2,385$216,808→ 39,328 total - Sale
Class A Common Stock
2020-12-16$91.92/sh−702$64,530→ 38,626 total - Tax Payment
Class A Common Stock
2020-12-16$92.08/sh−1,550$142,724→ 37,076 total - Sale
Class A Common Stock
2020-12-16$91.00/sh−433$39,403→ 37,602 total - Tax Payment
Class A Common Stock
2020-12-15$90.86/sh−3,038$276,033→ 28,212 total - Award
Performance-Based Restricted Stock Unit
2020-12-15+6,750→ 6,750 total→ Class A Common Stock (6,750 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-12-16−959→ 0 totalExercise: $45.50Exp: 2026-12-15→ Class A Common Stock (959 underlying)
Footnotes (11)
- [F1]In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
- [F10]This option was granted for a total of 28,903 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 15, 2020, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
- [F11]This option was granted for a total of 46,000 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, 2016, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.
- [F2]Shares held following the reported transactions include 25,125 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- [F3]Award represents a total of 13,501 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2020. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- [F4]Shares held following the reported transactions include 38,626 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- [F5]The shares were sold in multiple transactions at prices ranging from $90.67 to $91.285, inclusive. The price reported above reflects the weighted average sale 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]The shares were sold in multiple transactions at prices ranging from $91.82 to $92.00, inclusive. The price reported above reflects the weighted average sale 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.
- [F7]Shares held following the reported transactions include 35,501 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- [F8]The shares were sold in multiple transactions at prices ranging from $91.02 to $92.00, inclusive. The price reported above reflects the weighted average sale 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.
- [F9]The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 15, 2020 and ending December 12, 2023. Each PSU represents a right to receive, upon vesting, one share of Class A common stock. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period.
Documents
Issuer
Dolby Laboratories, Inc.
CIK 0001308547
Entity typeother
Related Parties
1- filerCIK 0001731843
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 7:23 PM ET
- Size
- 26.8 KB