SEC Form 4 · accession 0000002488-16-000189
ADVANCED MICRO DEVICES INC · AMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa T Su
Officer — President & CEO · Director
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 4:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000002488
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 30, 2016 | M | 46,875 | $0.00 | A | 949,184 | D | |
| Common Stock | Jun 30, 2016 | F | 12,820 | $5.14 | D | 936,364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2,F1 | $0.00 | Jun 30, 2016 | A | 46,875 | D | — | — | Common Stock | 46,875 | 0 | D |
Explanation of responses
- F1Each PRSU represents a contingent right to receive between 0% and 200% of one share of common stock. The resulting number of shares acquired upon vesting of the PRSU is contingent upon the Company achieving certain pre-established target levels of Non-GAAP operating income plus interest expense over an 18-month performance period commencing on July 1, 2013 and ending on December 31, 2014 (Performance Period), with the initial maximum number of PRSUs that may be earned being equal to 160% of the initial target PRSUs and the initial minimum number of PRSUs that may be earned being equal to zero. Once the initial PRSU award amount is determined, the PRSUs will then be subject to adjustment based upon the Company's total shareholder return (TSR) relative to the TSR of the S&P 500 IT Sector over the Performance Period, with a maximum negative adjustment of 25% at the 25th percentile, no adjustment at the 50th percentile and a maximum positive adjustment of 125% at the 75th percentile.
- F2The reported number of securities represents 37.5% of one-half of the initial target number of shares subject to the PRSU award made on July 22, 2013 that were earned as of the 18-month performance period ended December 31, 2014. One-half of the earned shares were settled on June 30, 2015 and the remaining one-half were settled on June 30, 2016.