X0306 4 2012-12-21 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 2012-12-21 4 A 0 14400 0 A 64966 D Employee Stock Option (Right to Buy) 30.49 2012-12-21 4 A 0 61700 0 A 2022-12-21 Class A Common Stock 61700 61700 D Shares held following the reported transactions, include 61,864 restricted stock units, which are subject to forfeiture until they vest. Award represents a total of 14,400 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 21, 2012. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. This option was granted for a total of 61,700 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 21, 2012, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter. Not Applicable. /s/ Daniel Rodriguez, Wilson Sonsini Goodrich Rosati, Attorney-in-fact For: Mark Andrew Sherman 2012-12-21