X0306 4 2014-12-15 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 2014-12-15 4 A 0 12007 0 A 73985 D Class A Common Stock 2014-12-15 4 F 0 1842 42.98 D 72143 D Employee Stock Option (Right to Buy) 44.14 2014-12-15 4 A 0 75212 0 A 2024-12-15 Class A Common Stock 75212 75212 D Shares held following the reported transactions, include 70,598 restricted stock units, which are subject to forfeiture until they vest. Award represents a total of 12,007 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 15, 2014. 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 75,212 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 15, 2014, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter. In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units. Shares held following the reported transactions, include 65,698 restricted stock units, which are subject to forfeiture until they vest. /s/ Daniel Rodriguez, Attorney-in-fact for Mark Andrew Sherman 2014-12-16