0000002488-17-000168.txt : 20170807
0000002488-17-000168.hdr.sgml : 20170807
20170807183035
ACCESSION NUMBER: 0000002488-17-000168
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170803
FILED AS OF DATE: 20170807
DATE AS OF CHANGE: 20170807
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Norrod Forrest Eugene
CENTRAL INDEX KEY: 0001622864
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07882
FILM NUMBER: 171012885
MAIL ADDRESS:
STREET 1: 9507 GLENLAKE DRIVE
CITY: AUSTIN
STATE: TX
ZIP: 78730
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ADVANCED MICRO DEVICES INC
CENTRAL INDEX KEY: 0000002488
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 941692300
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1227
BUSINESS ADDRESS:
STREET 1: ONE AMD PL
STREET 2: MS 68
CITY: SUNNYVALE
STATE: CA
ZIP: 94085
BUSINESS PHONE: 4087495441
MAIL ADDRESS:
STREET 1: ONE AMD PLACE
STREET 2: MS 68
CITY: SUNNYVALE
STATE: CA
ZIP: 94085
4
1
wf-form4_150214502152611.xml
FORM 4
X0306
4
2017-08-03
0
0000002488
ADVANCED MICRO DEVICES INC
AMD
0001622864
Norrod Forrest Eugene
ONE AMD PLACE
SUNNYVALE
CA
94085
0
1
0
0
SVP & GM EESC
Common Stock
2017-08-03
4
M
0
246430
0
A
792491
D
Common Stock
2017-08-03
4
S
0
104688
13.18
D
687803
D
Performance Stock Units
0.0
2017-08-03
4
M
0
246430
0
D
Common Stock
246430.0
246432
D
Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the Reporting Person's Performance-based Restricted Stock Unit ("PRSU") vesting.
Transaction executed in multiple trades at prices ranging from $13.03 to $13.35 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Each PRSU represents a contingent right to receive between 0% and 250% of one share of AMD's common stock. The resulting number of shares acquired upon vesting of the PRSU is contingent upon three-year compound annual growth rate milestones related to AMD's closing stock price that may be attained with the three-year performance period commencing on July 15, 2016 and ending on August 9, 2019 (the "Performance Period").
The reported number of securities represents 50% of the earned number of shares subject to the 2016 PRSUs, that were issuable on the date the Compensation and Leadership Resources Committee (the "Compensation Committee") certified performance.
The number of PRSUs that may be earned, if at all, is based on three-year compound annual growth rate milestones related to AMD's closing stock price that may be attained within the Performance Period, with the potential payout levels of PRSUs at 50%, 100%, 150%, 200% and 250% of the target number of PRSUs granted. Any PRSU earned pursuant to the attainment of a performance level will vest and be paid out 50% upon the Compensation Committee's 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 through each such vesting date.
The reported number of securities represents the remaining 50% of the number of shares that will vest at the end of the Performance Period subject to the Reporting Person's continued employment.
/s/ Forrest Eugene Norrod
2017-08-07