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 * 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 (Month/Day/Year) 01/07/2014 (Street) SAN FRANCISCO, CA 94103 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (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) 01/07/2014   C   20,000 A $ 0 20,000 I By Trust (3) Class A Common Stock 01/07/2014   S   20,000 D $ 40 0 I By Trust (3) Class A Common Stock (1) 01/07/2014   C   7,500 A $ 0 7,500 I By Trust (4) Class A Common Stock 01/07/2014   S   7,500 D $ 40 0 I By Trust (4) Class A Common Stock (1) 01/07/2014   C   7,500 A $ 0 7,500 I By Trust (5) Class A Common Stock 01/07/2014   S   7,500 D $ 40 0 I By Trust (5) Class A Common Stock (1) 01/08/2014   C   20,000 A $ 0 20,000 I By Trust (3) Class A Common Stock 01/08/2014   S   18,653 D $ 40.7272 (9) 1,347 I By Trust (3) Class A Common Stock 01/08/2014   S   1,347 D $ 41.3103 (10) 0 I By Trust (3) Class A Common Stock (1) 01/08/2014   C   7,500 A $ 0 7,500 I By Trust (4) Class A Common Stock 01/08/2014   S   7,500 D $ 40.7592 (11) 0 I By Trust (4) Class A Common Stock (1) 01/08/2014   C   7,500 A $ 0 7,500 I By Trust (5) Class A Common Stock 01/08/2014   S   7,100 D $ 40.7306 (12) 400 I By Trust (5) Class A Common Stock 01/08/2014   S   400 D $ 41.36 (13) 0 I By Trust (5)

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
Class B Common Stock	(2)	01/07/2014		C			20,000	(2)	(2)	Class A Common Stock	20,000	$ 0	39,115,848	I	By Trust (3)
Class B Common Stock	(2)	01/07/2014		C			7,500	(2)	(2)	Class A Common Stock	7,500	$ 0	1,302,665	I	By Trust (4)
Class B Common Stock	(2)	01/07/2014		C			7,500	(2)	(2)	Class A Common Stock	7,500	$ 0	1,702,665	I	By Trust (5)
Class B Common Stock	(2)	01/08/2014		C			18,653	(2)	(2)	Class A Common Stock	18,653	$ 0	39,097,195	I	By Trust (3)
Class B Common Stock	(2)	01/08/2014		C			1,347	(2)	(2)	Class A Common Stock	1,347	$ 0	39,095,848	I	By Trust (3)
Class B Common Stock	(2)	01/08/2014		C			7,500	(2)	(2)	Class A Common Stock	7,500	$ 0	1,295,165	I	By Trust (4)
Class B Common Stock	(2)	01/08/2014		C			7,100	(2)	(2)	Class A Common Stock	7,100	$ 0	1,695,565	I	By Trust (5)
Class B Common Stock	(2)	01/08/2014		C			400	(2)	(2)	Class A Common Stock	400	$ 0	1,695,165	I	By Trust (5)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	(2)		4,582,600	I	By Trust (6)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	(2)		4,582,600	I	By Trust (7)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	(2)		2,500,000	I	By Family LLC (8)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Dolby Dagmar C/O DOLBY LABORATORIES, INC. 100 POTRERO AVENUE SAN FRANCISCO, CA 94103		X
Ray Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 C/O DOLBY LABORATORIES, INC. 100 POTRERO AVENUE SAN FRANCISCO, CA 94103		X

Signatures

/s/ Daniel Rodriguez, Attorney-in-Fact for Dagmar Dolby		01/09/2014
**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		01/09/2014
**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)	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"). This report is filed jointly by Dagmar Dolby and the Ray Dolby Trust with respect to securities held by the Ray Dolby Trust. The reporting persons disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interest therein.
(4)	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 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 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, son of Dagmar Dolby, as Special Trustee of the Ray Dolby 2002 Trust B. This report is filed by Dagmar Dolby with respect to the securities held 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 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, son of Dagmar 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.
(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 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, son of Dagmar 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.
(8)	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, son of Dagmar Dolby and a special manager of the Family LLC, with respect to 50% of such shares, and (ii) David E. Dolby, son of Dagmar Dolby and 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.
(9)	This transaction was executed in multiple trades at prices ranging from $40.16 to $41.15. 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.
(10)	This transaction was executed in multiple trades at prices ranging from $41.16 to $41.49. 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.
(11)	This transaction was executed in multiple trades at prices ranging from $40.60 to $40.73. 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.
(12)	This transaction was executed in multiple trades at prices ranging from $40.17 to $41.16. 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 $41.27 to $41.44. 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.
Remarks: ***All of the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan***

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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