Form 4 for DLB Dolby Laboratories, Inc.
Accepted 2023-05-10 00:00:00 ET · period of report 2023-05-08 · accession 0001209191-23-028505 · 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 | 2023-05-10 | 2023-05-08 | DLB | SHERMAN MARK ANDREW | EVP, Gen. Counsel, Sec | M - OptEx | $49.85 | +15.0K | 71.4K | +27% | +$747.8K |
| DM | 2023-05-10 | 2023-05-08 | DLB | SHERMAN MARK ANDREW | EVP, Gen. Counsel, Sec | S - Sale+OE | $83.60 | -15.0K | 56.4K | -21% | -$1.25M |
| DM | 2023-05-10 | 2023-05-08 | DLB | SHERMAN MARK ANDREW | EVP, Gen. Counsel, Sec | M - OptEx | $0.00 | -15.0K | 23.0K | -39% | $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 | 2023-05-08 | M | A | 11,118 | $45.50 | 67,492 | D | — | — | (F1) Shares held following the reported transactions include 39,803 restricted stock units, which are subject to forfeiture until they vest |
| 2 | Common | Class A Common Stock | 2023-05-08 | S | D | 12,820 | $83.47 | 58,554 | D | — | — | (F2) The shares were sold in multiple transactions at prices ranging from $83.07 to $84.015, 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. (F1) Shares held following the reported transactions include 39,803 restricted stock units, which are subject to forfeiture until they vest |
| 3 | Common | Class A Common Stock | 2023-05-08 | M | A | 3,882 | $62.32 | 71,374 | D | — | — | (F1) Shares held following the reported transactions include 39,803 restricted stock units, which are subject to forfeiture until they vest |
| 4 | Common | Class A Common Stock | 2023-05-08 | S | D | 2,180 | $84.35 | 56,374 | D | — | — | (F3) The shares were sold in multiple transactions at prices ranging from $84.10 to $84.735, 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. (F1) Shares held following the reported transactions include 39,803 restricted stock units, which are subject to forfeiture until they vest |
| 5 | Derivative | Employee Stock Option (right to buy) | 2023-05-08 | M | D | 11,118 | $0.00 | 0 | D | $45.50 · — to 2026-12-15 | 11,118 Class A Common Stock | (F4) This option was originally granted for a total of 52,000 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date. |
| 6 | Derivative | Employee Stock Option (right to buy) | 2023-05-08 | M | D | 3,882 | $0.00 | 22,998 | D | $62.32 · — to 2024-12-15 | 3,882 Class A Common Stock | (F5) This performance-based stock option award was granted for a total of 28,000 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, 2020 was at 96% of target, or 26,880 shares. |