Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SIBONI ROGER S
  2. Issuer Name and Ticker or Trading Symbol
Dolby Laboratories, Inc. [DLB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 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 (Month/Day/Year)
02/10/2009
(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 (1) 02/10/2009   A   10,000 A (1) $ 0 20,000 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Option (Right to Buy) $ 2.08               (3) 08/03/2014 Class B Common Stock 50,000   50,000 (6) D  
Stock Option (Right to Buy) $ 22.75               (4) 07/15/2015 Class A Common Stock 5,000   5,000 (7) D  
Stock Option (Right to Buy) $ 20.1               (5) 02/14/2016 Class A Common Stock 5,000   5,000 (8) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SIBONI ROGER S
C/O DOLBY LABORATORIES, INC.
100 POTRERO AVENUE
SAN FRANCISCO, CA 94103
  X      

Signatures

 /s/ Alan G. Smith, Attorney-in-fact   02/11/2009
**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) Award represents a total of 10,000 restricted stock units granted under the terms of the Issuer's 2005 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/3 of the total number of units shall vest on each anniversary of February 10, 2009. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
(2) Shares held following the reported transactions include 16,667 restricted stock units, which are subject to forfeiture until they vest.
(3) This option was granted for a total of 100,000 shares of Class B Common Stock. 1/3 of the total number of shares issuable under the option vests on each anniversary of July 15, 2004, the vesting commencement date.
(4) The option was granted for a total of 10,000 shares of Class A Common Stock. 1/3 of the total number of shares issuable under the option become exercisable on each anniversary of July 15, 2005, the vesting commencement date, as long as the reporting Person continues to serve as a member of the Issuer's Board of Directors.
(5) This option was granted for a total of 10,000 shares of Class A Common Stock. 1/3 of the total number of shares issuable under the option become exercisable on each anniversary of February 14, 2006, the vesting commencement date, as long as the Reporting Person continues to serve as a member of the Issuer's Board of Directors.
(6) Since the date of the reporting person's last ownership report, he transferred options to purchase 50,000 shares of the registrant's Class B Common Stock to his ex-wire pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
(7) Since the date of the reporting person's last ownership report, he transferred options to purchase 5,000 shares of the registrant's Class A Common Stock to his ex-wire pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
(8) Since the date of the reporting person's last ownership report, he transferred options to purchase 5,000 shares of the registrant's Class A Common Stock to his ex-wire pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.

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