Filing Details

 

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SCHEDULE 13D

 

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¹  The calculation of the percentage of the class owned by the Reporting Persons is based on 990,758,118 shares of common stock of the issuer deemed to be outstanding pursuant to Rule 13d-3(d)(1), using the number of shares outstanding as of February 10, 2017, as reported in the issuer’s most recent Annual Report on Form 10-K, filed on February 21, 2017, which was 940,758,118 shares, plus the warrants to purchase 75,000,000 shares of common stock issued to the Reporting Persons on August 30, 2016, which warrants are exercisable with respect to 50,000,000 shares within 60 days of this Amendment No. 7. Exercise of such warrants is not permitted if doing so would cause the Reporting Person, together with its affiliates, to own more than 19.9% of the outstanding common stock of the issuer at any one time.

    

SCHEDULE 13D

 

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¹  The calculation of the percentage of the class owned by the Reporting Persons is based on 990,758,118 shares of common stock of the issuer deemed to be outstanding pursuant to Rule 13d-3(d)(1), using the number of shares outstanding as of February 10, 2017, as reported in the issuer’s most recent Annual Report on Form 10-K, filed on February 21, 2017, which was 940,758,118 shares, plus the warrants to purchase 75,000,000 shares of common stock issued to the Reporting Persons on August 30, 2016, which warrants are exercisable with respect to 50,000,000 shares within 60 days of this Amendment No. 7. Exercise of such warrants is not permitted if doing so would cause the Reporting Person, together with its affiliates, to own more than 19.9% of the outstanding common stock of the issuer at any one time.

         

SCHEDULE 13D

 

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¹  The calculation of the percentage of the class owned by the Reporting Person is based on 990,758,118 shares of common stock of the issuer deemed to be outstanding pursuant to Rule 13d-3(d)(1), using the number of shares outstanding as of February 10, 2017, as reported in the issuer’s most recent Annual Report on Form 10-K, filed on February 21, 2017, which was 940,758,118 shares, plus the warrants to purchase 75,000,000 shares of common stock issued to the Reporting Persons on August 30, 2016, which warrants are exercisable with respect to 50,000,000 shares within 60 days of this Amendment No. 7. Exercise of such warrants is not permitted if doing so would cause the Reporting Person, together with its affiliates, to own more than 19.9% of the outstanding common stock of the issuer at any one time.

 

This Amendment No. 7 amends and supplements the Statement on Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on October 16, 2008, as amended prior to the date hereof (the “Original Report”), with respect to the Common Stock, par value $0.01 per share (the “Common Stock”), of Advanced Micro Devices, Inc. (the “Issuer”, or “AMD”), with its principal executive offices located at One AMD Place, Sunnyvale, CA 94088-3453.  Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Original Report. The Original Report, as amended by this Amendment No. 7, is hereinafter referred to as the “Schedule 13D.”

 

The purpose of this Amendment No. 7 is to update Item 4 to reflect the disposition of shares of Common Stock. 

 

 Item 4.                 Purpose of Transaction.

 

The response set forth in Item 4 of the Original Report is hereby amended to add the following immediately after the final paragraph of such response:

 

On March 3, 2017, the Reporting Persons sold an aggregate of 45,000,000 shares of Common Stock (the “Block Trade Shares”) to Goldman Sachs & Co. (“Buyer”) at a price of $13.63 per share, for a total purchase price of $613,350,000, in a block trade transaction pursuant to an exemption from the registration requirements of the Securities Act of 1933.

     

In connection with such sale, Holder and Buyer entered into a Lock Up Agreement, dated March 2, 2017 (the “Lock Up Agreement”), pursuant to which Holder agreed that it will not, subject to certain exceptions, for a period of sixty (60) days after the date of the Lock Up Agreement, without the prior written consent of Buyer, offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of, contract to dispose of, or enter into any transaction having the economic consequences of a disposition, (i) Common Stock of the Issuer or (ii) any securities convertible into or exercisable or exchangeable for such Common Stock, or publicly announce an intention to effect any such transaction. The foregoing description of the Lock Up Agreement is not complete and is qualified in its entirety by the Lock Up Agreement, a copy of which is attached hereto as Exhibit 99.9 and incorporated herein by reference.

 

In connection with such sale, Holder and Buyer also entered into a Side Letter Agreement, dated March 2, 2017 (the “Side Letter”), pursuant to which Buyer agreed that it would not resell the Block Trade Shares in a manner inconsistent with the provisos to Section 9.06 of the Agreement, as amended by Agreement Amendment No. 2. The foregoing description of the Side Letter is not complete and is qualified in its entirety by the Side Letter, a copy of which is attached hereto as Exhibit 99.10 and incorporated herein by reference.

 

 

 

Item 7.                 Materials to be Filed as Exhibits.

 

 

   

 

 

 

 

 

        

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:  March 6, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

         

  

 

 

 

 

 

 

 

 

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