0001209191-20-064234.txt : 20201217
0001209191-20-064234.hdr.sgml : 20201217
20201217192626
ACCESSION NUMBER: 0001209191-20-064234
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201215
FILED AS OF DATE: 20201217
DATE AS OF CHANGE: 20201217
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pendleton Todd
CENTRAL INDEX KEY: 0001746636
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32431
FILM NUMBER: 201397578
MAIL ADDRESS:
STREET 1: 1275 MARKET STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Dolby Laboratories, Inc.
CENTRAL INDEX KEY: 0001308547
STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794]
IRS NUMBER: 900199783
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0927
BUSINESS ADDRESS:
STREET 1: 1275 MARKET STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
BUSINESS PHONE: 415 558 0200
MAIL ADDRESS:
STREET 1: 1275 MARKET STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-12-15
0
0001308547
Dolby Laboratories, Inc.
DLB
0001746636
Pendleton Todd
C/O DOLBY LABORATORIES, INC.
1275 MARKET STREET
SAN FRANCISCO
CA
94103
0
1
0
0
SVP, Chief Marketing Officer
Class A Common Stock
2020-12-15
4
A
0
12731
0.00
A
37531
D
Class A Common Stock
2020-12-16
4
F
0
1153
92.08
D
36378
D
Performance-Based Restricted Stock Unit
2020-12-15
4
A
0
6365
0.00
A
Class A Common Stock
6365
6365
D
Employee Stock Option (Right to Buy)
92.08
2020-12-15
4
A
0
27253
0.00
A
2030-12-15
Class A Common Stock
27253
27253
D
Award represents a total of 12,731 restricted stock units granted under the terms of the Issuer's 2020 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, 2020. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
Shares held following the reported transactions include 37,531 shares of Class A common stock underlying 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 Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
Shares held following the reported transactions include 35,206 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 15, 2020 and ending December 12, 2023. Each PSU represents a right to receive, upon vesting, one share of Class A common stock. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period.
This option was granted for a total of 27,253 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, 2020, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
/s/ Daniel Rodriguez, Attorney-in-Fact for Todd Pendleton
2020-12-17