X0306 4 2016-01-15 0 0001308547 Dolby Laboratories, Inc. DLB 0001596051 Borchers Bob C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 0 1 0 0 SVP & Chief Marketing Officer Class A Common Stock 2016-01-15 4 F 0 4738 31.36 D 66453 D 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. Shares held following the reported transactions include 48,221 restricted stock units, which are subject to forfeiture until they vest. /s/ Daniel Rodriguez, as Attorney-in-Fact for Bob Borchers 2016-01-19