Borchers Bob 4
4 · Dolby Laboratories, Inc. · Filed Nov 21, 2017
Insider Transaction Report
Form 4
Borchers Bob
SVP & Chief Marketing Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2017-11-20$41.31/sh+33,179$1,370,624→ 83,280 total - Sale
Class A Common Stock
2017-11-20$61.74/sh−33,179$2,048,316→ 50,101 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-20−33,179→ 95,404 totalExercise: $41.31Exp: 2024-01-15→ Class A Common Stock (33,179 underlying)
Footnotes (3)
- [F1]Shares held following the reported transactions include 40,748 restricted stock units which are subject to forfeiture until they vest.
- [F2]This transaction was executed in multiple trades at prices ranging from $61.65 to $61.76. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F3]This option was granted for a total of 171,425 shares of Class A Common Stock. 1/4th 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.