Sec Form 4 Filing - Dolby Dagmar @ Dolby Laboratories, Inc. - 2014-08-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Dolby Dagmar
2. Issuer Name and Ticker or Trading Symbol
Dolby Laboratories, Inc. [ DLB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DOLBY LABORATORIES, INC., 100 POTRERO AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
08/25/2014
(Street)
SAN FRANCISCO, CA94103
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock ( 1 ) 08/25/2014 C 20,000 A $ 0 20,000 I By Trust ( 3 )
Class A Common Stock 08/25/2014 S 20,000 D $ 46.9804 ( 12 ) 0 I By Trust ( 3 )
Class A Common Stock ( 1 ) 08/25/2014 C 10,000 A $ 0 10,000 I By Trust ( 4 )
Class A Common Stock 08/25/2014 S 10,000 D $ 46.9884 ( 13 ) 0 I By Trust ( 4 )
Class A Common Stock ( 1 ) 08/25/2014 C 10,000 A $ 0 10,000 I By Trust ( 5 )
Class A Common Stock 08/25/2014 S 10,000 D $ 46.9895 ( 14 ) 0 I By Trust ( 5 )
Class A Common Stock ( 1 ) 08/26/2014 C 20,000 A $ 0 20,000 I By Trust ( 3 )
Class A Common Stock 08/26/2014 S 20,000 D $ 47.0644 ( 15 ) 0 I By Trust ( 3 )
Class A Common Stock ( 1 ) 08/26/2014 C 10,000 A $ 0 10,000 I By Trust ( 4 )
Class A Common Stock 08/26/2014 S 10,000 D $ 47.0635 ( 16 ) 0 I By Trust ( 4 )
Class A Common Stock ( 1 ) 08/26/2014 C 10,000 A $ 0 10,000 I By Trust ( 5 )
Class A Common Stock 08/26/2014 S 10,000 D $ 47.0624 ( 17 ) 0 I By Trust ( 5 )
Class A Common Stock 07/01/2014 W( 18 ) V 100 A $ 0 100 I By Trust ( 19 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock ( 2 ) 08/25/2014 C 20,000 ( 2 ) ( 2 ) Class A Common Stock 20,000 $ 0 31,593,238 I By Trust ( 3 )
Class B Common Stock ( 2 ) 08/25/2014 C 10,000 ( 2 ) ( 2 ) Class A Common Stock 10,000 $ 0 1,064,436 I By Trust ( 4 )
Class B Common Stock ( 2 ) 08/25/2014 C 10,000 ( 2 ) ( 2 ) Class A Common Stock 10,000 $ 0 1,465,283 I By Trust ( 5 )
Class B Common Stock ( 2 ) 08/26/2014 C 20,000 ( 2 ) ( 2 ) Class A Common Stock 20,000 $ 0 31,573,238 I By Tru st ( 3 )
Class B Common Stock ( 2 ) 08/26/2014 C 10,000 ( 2 ) ( 2 ) Class A Common Stock 10,000 $ 0 1,054,436 I By Trust ( 4 )
Class B Common Stock ( 2 ) 08/26/2014 C 10,000 ( 2 ) ( 2 ) Class A Common Stock 10,000 $ 0 1,455,283 I By Trust ( 5 )
Class B Common Stock ( 2 ) ( 2 ) ( 2 ) Class A Common Stock ( 2 ) 2,500,000 I By Family LLC ( 6 )
Class B Common Stock ( 2 ) ( 2 ) ( 2 ) Class A Common Stock ( 2 ) 4,000,000 I By Trust ( 7 )
Class B Common Stock ( 2 ) ( 2 ) ( 2 ) Class A Common Stock ( 2 ) 2,000,000 I By Trust ( 8 )
Class B Common Stock ( 2 ) ( 2 ) ( 2 ) Class A Common Stock ( 2 ) 2,000,000 I By Trust ( 9 )
Class B Common Stock ( 2 ) ( 2 ) ( 2 ) Class A Common Stock ( 2 ) 3,761,442 I By Trust ( 10 )
Class B Common Stock ( 2 ) ( 2 ) ( 2 ) Class A Common Stock ( 2 ) 3,764,376 I By Trust ( 11 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Dolby Dagmar
C/O DOLBY LABORATORIES, INC.
100 POTRERO AVENUE
SAN FRANCISCO, CA94103
X
Ray Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999
C/O DOLBY LABORATORIES, INC.
100 POTRERO AVENUE
SAN FRANCISCO, CA94103
X
Signatures
/s/ Daniel Rodriguez, Attorney-in-Fact for Dagmar Dolby 08/27/2014
Signature of Reporting Person Date
/s/ Daniel Rodriguez, Attorney-in-Fact for the Ray Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 08/27/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each share of Class A Common Stock issued upon conversion of one share of Class B Common Stock at the election of the reporting person.
( 2 )Shares of Class B Common Stock are convertible at any time at the option of the holder into shares of Class A Common Stock on a 1-for-1 basis.
( 3 )Reflects shares of Class B Common Stock (as converted or convertible into, as applicable, a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Ray Dolby Trust"), voting power of which is shared by the Trustee and David E. Dolby, son of Dagmar Dolby, as Special Trustee of the Ray Dolby Trust. This report is filed jointly by Dagmar Dolby and the Ray Dolby Trust with respect to securities held and transactions effected by the Ray Dolby Trust. The reporting persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein.
( 4 )Reflects shares of Class B Common Stock (as converted or convertible into, as applicable, a like numbe r of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2002 Trust A, dated April 19, 2002 (the "Ray Dolby 2002 Trust A"), voting power of which is held by Thomas E. Dolby, son of Dagmar Dolby, as Special Trustee of the Ray Dolby 2002 Trust A. This report is filed by Dagmar Dolby with respect to the securities held and transactions effected by the Ray Dolby 2002 Trust A. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 5 )Reflects shares of Class B Common Stock (as converted or convertible into, as applicable, a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2002 Trust B, dated April 19, 2002 (the "Ray Dolby 2002 Trust B"), voting power of which is held by David E. Dolby as Special Trustee of the Ray Dolby 2002 Trust B. This report is filed by Dagmar Dolby with respect to the securities held and transactions effected by the Ray Dolby 2002 Trust B. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 6 )Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dolby Holdings II LLC, a limited liability company (the "Family LLC"), investment power of which is held by Dagmar Dolby, manager of the Family LLC, and voting power of which is held by (i) Thomas E. Dolby, a special manager of the Family LLC, with respect to 50% of such shares, and (ii) David E. Dolby, a special manager of the Family LLC, with respect to 50% of such shares. This report is filed by Dagmar Dolby with respect to the securities held by the Family LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 7 )Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Marital Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Marital Trust"), voting power of which is shared by the Trustee and David E. Dolby as Special Trustee of the Marital Trust. This report is filed by Dagmar Dolby with respect to the securities held by the Marital Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 8 )Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby 2014 Trust AA, dated March 5, 2014 (the "Dagmar Dolby 2014 Trust AA"), voting power of which is held by Thomas E. Dolby as Special Trustee of the Dagmar Dolby 2014 Trust AA. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2014 Trust AA. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 9 )Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby 2014 Trust BB, dated March 5, 2014 (the "Dagmar Dolby 2014 Trust BB"), voting power of which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2014 Trust BB. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2014 Trust BB. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 10 )Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2011 Trust A, dated December 14, 2011 (the "Ray Dolby 2011 Trust A"), voting power of which is held by Thomas E. Dolby as Special Trustee of the Ray Dolby 2011 Trust A. This report is filed by Dagmar Dolby with respect to the securities held by the Ray Dolby 2011 Trust A. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 11 )Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2011 Trust B, dated December 14, 2011 (the "Ray Dolby 2011 Trust B"), voting power of which is held by David E. Dolby as Special Trustee of the Ray Dolby 2011 Trust B. This report is filed by Dagmar Dolby with respect to the securities held by the Ray Dolby 2011 Trust B. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
( 12 )This transaction was executed in multiple trades at prices ranging from $46.71 to $47.285. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
( 13 )This transaction was executed in multiple trades at prices ranging from $46.75 to $47.28. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
( 14 )This transaction was executed in multiple trades at prices ranging from $46.73 to $47.28. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
( 15 )This transaction was executed in multiple trades at prices ranging from $46.835 to $47.18. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
( 16 )This transaction was executed in multiple trades at prices ranging from $46.835 to $47.18. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
( 17 )This transaction was executed in multiple trades at prices ranging from $46.815 to $47.20. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
( 18 )Reflects shares of Class A Common Stock that were held of record by Ray Dolby in his individual capacity at the time of his death on September 12, 2013. On February 10, 2014, Dagmar Dolby was appointed as the executor of Ray Dolby's estate, and on July 1, 2014, such shares were transferred from Ray Dolby's estate to the Dolby Administrative Trust (as defined below).
( 19 )Reflects shares of Class A Common Stock held of record by Dagmar Dolby as Trustee of the Dolby Family Administrative Trust established under the Dolby Family Trust instrument, dated May 7, 1999 (the "Dolby Administrative Trust"), voting and dispositive power of which is held by Dagmar Dolby. This report is filed by Dagmar Dolby with respect to the securities held and transactions effected by the Dolby Administrative Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.

Remarks:
**All of the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.**

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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