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 OF SECURITIES 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 * Forshay Steven E   2. Issuer Name and Ticker or Trading Symbol Dolby Laboratories, Inc. [DLB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Advanced Technology Group (Last) (First) (Middle) C/O DOLBY LABORATORIES, INC., 100 POTRERO AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 04/24/2015 (Street) SAN FRANCISCO, CA 94103 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 04/24/2015   M   23,300 A $ 17.24 72,736.826 (1) D   Class A Common Stock 04/24/2015   S   23,300 D $ 40.7207 (2) 49,436.826 (1) D   Class A Common Stock 04/27/2015   M   9,700 A $ 17.24 59,136.826 (1) D   Class A Common Stock 04/27/2015   S   9,700 D $ 41 49,436.826 (1) D

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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

Employee Stock Option (right to buy)

$ 17.24

04/24/2015

M

23,300

(3)

06/16/2015

Class A Common Stock

23,300

$ 0

21,248

D

Employee Stock Option (right to buy)

$ 17.24

04/27/2015

M

9,700

(3)

06/16/2015

Class A Common Stock

9,700

$ 0

11,548

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Forshay Steven E C/O DOLBY LABORATORIES, INC. 100 POTRERO AVENUE SAN FRANCISCO, CA 94103			SVP, Advanced Technology Group

Signatures

/s/ Daniel Rodriguez, Attorney-in-Fact for Steven E. Forshay		04/28/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares held following the reported transactions include 22,943 restricted stock units, which are subject to forfeiture until they vest.
(2)	This transaction was executed in multiple trades at prices ranging from $40.41 to $41.125. 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.
(3)	This option was granted for a total of 44,548 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on each anniversary of June 16, 2005, the vesting commencement date.
Remarks: The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.

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