<SEC-DOCUMENT>0001209191-21-070106.txt : 20211216
<SEC-HEADER>0001209191-21-070106.hdr.sgml : 20211216
<ACCEPTANCE-DATETIME>20211216212605
ACCESSION NUMBER:		0001209191-21-070106
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211215
FILED AS OF DATE:		20211216
DATE AS OF CHANGE:		20211216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			YEAMAN KEVIN J
		CENTRAL INDEX KEY:			0001200469

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32431
		FILM NUMBER:		211499359

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
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        <issuerTradingSymbol>DLB</issuerTradingSymbol>
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            <rptOwnerState>CA</rptOwnerState>
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        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (Right to Buy)</value>
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                <value>91.80</value>
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            <transactionDate>
                <value>2021-12-15</value>
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            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>91047</value>
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                <transactionPricePerShare>
                    <value>0.00</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
                <value>2031-12-15</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
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                    <value>D</value>
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                <value>Employee Stock Option (right to buy)</value>
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                <value>42.98</value>
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                <value>2021-12-15</value>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>29457</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <footnoteId id="F12"/>
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            <expirationDate>
                <value>2024-12-15</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>29457</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>217957</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009</value>
                </natureOfOwnership>
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    <footnotes>
        <footnote id="F1">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.</footnote>
        <footnote id="F2">Shares held following the reported transactions include 84,467 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.</footnote>
        <footnote id="F3">Award represents a total of 43,987 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, 2021. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.</footnote>
        <footnote id="F4">Shares held following the reported transactions include 128,454 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.</footnote>
        <footnote id="F5">This transaction was executed in multiple trades at prices ranging from $90.03 to $90.98, inclusive. 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.</footnote>
        <footnote id="F6">This transaction was executed in multiple trades at prices ranging from $91.00 to $91.38, inclusive. 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.</footnote>
        <footnote id="F7">This transaction was executed in multiple trades at prices ranging from $90.65 to $91.45, inclusive. 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.</footnote>
        <footnote id="F8">This transaction was executed in multiple trades at prices ranging from $91.81 to $92.15, inclusive. 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.</footnote>
        <footnote id="F9">Shares held following the reported transactions include 117,829 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.</footnote>
        <footnote id="F10">The vesting of this performance-based restricted stock unit (&quot;PSU&quot;) award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 15, 2021 and ending December 11, 2024. 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&amp;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.</footnote>
        <footnote id="F11">This option was granted for a total of 91,047 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, 2021, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.</footnote>
        <footnote id="F12">This option was granted for a total of 291,598 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 15, 2014, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.</footnote>
    </footnotes>

    <remarks>The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.</remarks>

    <ownerSignature>
        <signatureName>/s/ Daniel Rodriguez, Attorney-in-Fact for Kevin Yeaman</signatureName>
        <signatureDate>2021-12-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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