0001209191-22-062076.txt : 20221219
0001209191-22-062076.hdr.sgml : 20221219
20221219214048
ACCESSION NUMBER: 0001209191-22-062076
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221215
FILED AS OF DATE: 20221219
DATE AS OF CHANGE: 20221219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Couling John D
CENTRAL INDEX KEY: 0001894052
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32431
FILM NUMBER: 221472741
MAIL ADDRESS:
STREET 1: C/O DOLBY LABORATORIES, INC.
STREET 2: 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
2022-12-15
0
0001308547
Dolby Laboratories, Inc.
DLB
0001894052
Couling John D
C/O DOLBY LABORATORIES, INC.
1275 MARKET STREET
SAN FRANCISCO
CA
94103
0
1
0
0
SVP, Entertainment
Class A Common Stock
2022-12-15
4
F
0
3785
73.17
D
75410
D
Class A Common Stock
2022-12-15
4
A
0
21114
0.00
A
96524
D
Class A Common Stock
2022-12-16
4
M
0
4858
A
101382
D
Class A Common Stock
2022-12-16
4
F
0
3897
71.07
D
97485
D
Class A Common Stock
2022-12-19
4
F
0
1240
70.80
D
96245
D
Performance-Based Restricted Stock Unit
2022-12-15
4
A
0
10557
0.00
A
Class A Common Stock
10557
10557
D
Employee Stock Option (Right to Buy)
71.07
2022-12-15
4
A
0
38013
0.00
A
2031-12-15
Class A Common Stock
38013
38013
D
Performance-Based Restricted Stock Unit
2022-12-16
4
M
0
4858
0.00
D
Class A Common Stock
4858
0
D
In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units or performance-based restricted stock units.
Shares held following the reported transactions include 28,022 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Award represents a total of 21,114 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, 2022. 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 49,136 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Each performance-based restricted stock unit (PSU) represented a contingent right to receive, upon vesting, one share of Issuer Class A common stock.
Shares held following the reported transactions include 46,136 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Shares held following the reported transactions include 43,636 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, 2022 and ending December 10, 2025. 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 38,013 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, 2022, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
The vesting of the PSU award was dependent upon the achievement of performance criteria measured during a three-year performance period beginning on December 16, 2019 and ending December 13, 2022. The reporting person was eligible to earn from 0% to 200% of the target award amount (which was 6,000 shares) 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. Following the end of the three-year performance period, the Issuer's Compensation Committee certified the achievement of the performance criteria at 80.98% of the target award amount resulting in the vesting of 4,858 PSUs. The remaining 1,142 PSUs were cancelled.
/s/ Daniel Rodriguez, Attorney-in-Fact for John Couling
2022-12-19