DOLBY LABORATORIES INC

Ticker: DLB CUSIP: 25659T107 Class: Common Stock

PHYSICIANS FINANCIAL SERVICES, INC.'s Holding History (CIK: 0001665518)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 800 Value ($000) $40 Avg Close $42.59 Range $39.80 - $48.52

Q3 2016

Shares 800 Value ($000) $43 Avg Close $44.12 Range $39.59 - $48.22

Q2 2016

Shares 800 Value ($000) $38 Avg Close $40.14 Range $36.94 - $43.63

Q1 2016

Shares 800 Value ($000) $35 Avg Close $32.54 Range $26.57 - $38.48

Q4 2015

Shares 800 Value ($000) $27 Avg Close $29.99 Range $27.42 - $31.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	800	$40	$42.59	$39.80 - $48.52
Q3 2016	800	$43	$44.12	$39.59 - $48.22
Q2 2016	800	$38	$40.14	$36.94 - $43.63
Q1 2016	800	$35	$32.54	$26.57 - $38.48
Q4 2015	800	$27	$29.99	$27.42 - $31.59