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Filing Details

Accession Number:: 0000002488-19-000118
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-08-13 16:18:21
Reporting Period:: 2019-08-09

Accepted Time:: 2019-08-13 16:18:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
2488	Advanced Micro Devices Inc	AMD	Semiconductors & Related Devices (3674)	941692300

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1622864	Eugene Forrest Norrod	2485 Augustine Drive Santa Clara CA 95054	Svp & Gm Desg	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-08-09	301,324	$0.00	1,060,495	No	4	M	Direct
Common Stock	Disposition	2019-08-12	120,895	$33.53	939,600	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Stock Units	Disposition	2019-08-09	246,432	$0.00	246,432	$0.00
Common Stock	Restricted Stock Units	Disposition	2019-08-09	32,864	$0.00	32,864	$0.00
Common Stock	Restricted Stock Units	Disposition	2019-08-09	12,327	$0.00	12,327	$0.00
Common Stock	Restricted Stock Units	Disposition	2019-08-09	9,701	$0.00	9,701	$0.00
Common Stock	PRSU Award	Acquisiton	2019-08-09	35,658	$0.00	35,658	$0.00
Common Stock	RSU Award	Acquisiton	2019-08-09	17,829	$0.00	17,829	$0.00
Common Stock	Stock Option Grant	Acquisiton	2019-08-09	44,362	$0.00	44,362	$34.19

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	M	Direct
0		No	4	M	Direct
12,328		No	4	M	Direct
19,402		No	4	M	Direct
35,658		No	4	A	Direct
17,829		No	4	A	Direct
44,362	2026-08-09	No	4	A	Direct

Footnotes

Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the vesting and settlement of the Reporting Person's Performance-based Restricted Stock Units ("PRSUs") and Restricted Stock Units ("RSUs").
The reported price in Column 4 is the price applied to the Reporting Person's account by the broker and represents a weighted average sale price for a block sale.
The number of PRSUs that may be earned is based on three-year compound annual growth rate milestones related to AMD's closing stock price that may be attained within the three-year performance period that began July 15, 2016 and ended August 9, 2019, with the potential payouts at 50%, 100%, 150%, 200% and 250% of the target number of PRSUs. Any PRSUs earned pursuant to the attainment of a performance level will vest and be paid out 50% upon the Compensation and Leadership Resources Committee's (the "Compensation Committee") certification of the attainment of the performance level (provided, that no PRSU will vest before the first anniversary of the grant date) and the remaining 50% will vest and be paid out at the end of the performance period, subject to the recipient's continuous employment or service.
Each PRSU represents a contingent right to receive one share of AMD's common stock.
Each RSU represents a contingent right to receive one share of AMD's common stock.
The RSUs vest 1/3 on each of August 9, 2017, 2018 and 2019.
The RSUs vest 1/3 on each of August 9, 2018, 2019 and 2020.
The RSUs vest 1/3 on each of August 9, 2019, 2020 and 2021.
Between 0% and 250% of the target number of PRSUs may be earned depending on (a) the return on AMD's stock price relative to the return on the S&P 500 Index over the performance period that begins August 9, 2019 and ends on August 9, 2022, (b) the absolute return on AMD's stock price over the performance period, and (c) AMD's non-GAAP earnings per share growth from its 2019 to 2021 fiscal years. Notwithstanding, the maximum number of PRSUs that may be earned is limited to (x) twelve times the target value of the PRSU award, divided by (y) the closing price of AMD's stock on the last day of the performance period. Vesting of any earned PRSUs is generally subject to the Reporting Person's continued employment and/or service with AMD through August 9, 2022 (or the one-year anniversary of a change in control, if earlier).
The actual number of PRSUs that may be earned, if at all, will be determined by the Compensation Committee based on AMD's actual performance with respect to the performance vesting conditions described in footnote 9, above. Earned and vested PRSUs will generally be settled on the later of August 16, 2022 or the date following the Compensation Committee's determination of performance.
The RSUs vest 1/3 on each of August 9, 2020, 2021 and 2022.
The options vest 1/3 on each of August 9, 2020, 2021 and 2022.