SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Forshay Steven E

(Last)

(First)

(Middle)

C/O DOLBY LABORATORIES, INC.

1275 MARKET STREET

(Street)

SAN FRANCISCO

94103

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/03/2015

3. Issuer Name and Ticker or Trading Symbol
Dolby Laboratories, Inc. [ DLB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Advanced Technology Group

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	45,386.826⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	⁽²⁾	06/16/2015	Class A Common Stock	44,548	$17.24	D
Employee Stock Option (Right to Buy)	⁽³⁾	11/14/2016	Class A Common Stock	38,979	$25.26	D
Employee Stock Option (Right to Buy)	⁽⁴⁾	02/09/2019	Class A Common Stock	9,355	$28.9	D
Employee Stock Option (Right to Buy)	⁽⁵⁾	12/15/2021	Class A Common Stock	30,069	$28.24	D
Employee Stock Option (Right to Buy)	⁽⁶⁾	12/21/2022	Class A Common Stock	24,000	$30.49	D
Employee Stock Option (Right to Buy)	⁽⁷⁾	12/16/2023	Class A Common Stock	29,400	$37.35	D
Employee Stock Option (Right to Buy)	⁽⁸⁾	12/15/2024	Class A Common Stock	36,000	$42.98	D

Explanation of Responses:

1. Shares held include 18,893 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

2. This option became exercisable in four equal annual installments beginning on June 16, 2006 and vesting on each anniversary thereof.

3. This option became exercisable in four equal annual installments beginning on November 14, 2007 and vesting on each anniversary thereof.

4. 1/4 of the total number of shares issuable under this option vested on the first anniversary of February 9, 2009 and the balance of the shares vested in equal monthly installments over the next 36 months.

5. 1/4 of the total number of shares issuable under this option vested on the first anniversary of December 15, 2011 and the balance of the shares vest in equal monthly installments over the next 36 months.

6. 1/4 of the total number of shares issuable under this option vested on the first anniversary of December 21, 2012 and the balance of the shares vest in equal monthly installments over the next 36 months.

7. 1/4 of the total number of shares issuable under this option vested on the first anniversary of December 16, 2013 and the balance of the shares vest in equal monthly installments over the next 36 months.

8. 1/4 of the total number of shares issuable under this option vests on the first anniversary of December 15, 2014 and the balance of the shares vest in equal monthly installments over the next 36 months.

Remarks:

	/s/ Daniel Rodriguez, Attorney-in-Fact for Steven Forshay	12/17/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.