X0304 4 2012-01-18 0 0001308547 Dolby Laboratories, Inc. DLB 0001256708 SHERMAN MARK ANDREW C/O DOLBY LABORATORIES, INC. 100 POTRERO AVENUE SAN FRANCISCO CA 94103 0 1 0 0 EVP, GEN. COUN. & SECRTY Class A Common Stock 2012-01-18 4 F 0 1742 33.05 D 35258 D Shares held following the reported transactions, but none of the shares reported as sold, include 32,650 restricted stock units, which are subject to forfeiture until they vest. In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Company and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units. /s/ Alan G. Smith, Attorney-in-fact 2012-01-20