Form 4 for DLB Dolby Laboratories, Inc.
Accepted 2022-10-05 00:00:00 ET · period of report 2022-10-03 · accession 0001209191-22-052892 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-10-05 | 2022-10-03+ | DLB | Couling John D | SVP, Entertainment | S - Sale+OE | $66.15 | -54.3K | 91.3K | -37% | -$3.59M |
| DM | 2022-10-05 | 2022-10-03+ | DLB | Couling John D | SVP, Entertainment | M - OptEx | $31.71 | +54.3K | 108.5K | +100% | +$1.72M |
| DM | 2022-10-05 | 2022-10-03+ | DLB | Couling John D | SVP, Entertainment | M - OptEx | $0.00 | -54.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-10-03 | S | D | 29,300 | $66.30 | 79,235 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $65.91 to $66.655. 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. (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 2 | Common | Class A Common Stock | 2022-10-04 | M | A | 4,300 | $33.15 | 83,535 | D | — | — | (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 3 | Common | Class A Common Stock | 2022-10-03 | S | D | 12,020 | $65.81 | 79,235 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $65.69 to $65.91. 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. (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 4 | Common | Class A Common Stock | 2022-10-04 | S | D | 4,300 | $67.72 | 79,235 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $67.20 to $67.945. 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. (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 5 | Common | Class A Common Stock | 2022-10-03 | M | A | 20,700 | $33.15 | 99,935 | D | — | — | (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 6 | Common | Class A Common Stock | 2022-10-03 | M | A | 29,300 | $30.49 | 108,535 | D | — | — | (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 7 | Common | Class A Common Stock | 2022-10-03 | S | D | 8,680 | $65.33 | 91,255 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $64.69 to $65.685. 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. (F1) Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| 8 | Derivative | Employee Stock Option (right to buy) | 2022-10-03 | M | D | 20,700 | $0.00 | 4,300 | D | $33.15 · — to 2022-12-15 | 20,700 Class A Common Stock | (F7) This performance-based stock option award was granted for a total of 20,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2018 was at 125% of target, or 25,000 shares. |
| 9 | Derivative | Employee Stock Option (right to buy) | 2022-10-03 | M | D | 29,300 | $0.00 | 0 | D | $30.49 · — to 2022-12-21 | 29,300 Class A Common Stock | (F6) This option was granted for a total of 49,300 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on each anniversary of December 21, 2012, the vesting commencement date. |
| 10 | Derivative | Employee Stock Option (right to buy) | 2022-10-04 | M | D | 4,300 | $0.00 | 0 | D | $33.15 · — to 2022-12-15 | 4,300 Class A Common Stock | (F7) This performance-based stock option award was granted for a total of 20,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2018 was at 125% of target, or 25,000 shares. |