X0306 4 2015-12-21 0 0001308547 Dolby Laboratories, Inc. DLB 0001256708 SHERMAN MARK ANDREW C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 0 1 0 0 EVP, GEN. COUN. & SECRTY Class A Common Stock 2015-12-21 4 F 0 1879 33.74 D 56196 D 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 41,927 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. /s/ Daniel Rodriguez, Attorney-in-Fact for Andy Sherman 2015-12-22