SEC Form 4 · accession 0000002488-16-000202
ADVANCED MICRO DEVICES INC · AMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Devinder Kumar
Officer — SVP, CFO & Treasurer
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 5:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000002488
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSU AwardF1,F2 | — | Jul 15, 2016 | A | 98,572 | A | — | — | Common Stock | 98,572 | 98,572 | D |
| PRSU AwardF3,F4 | — | Jul 15, 2016 | A | 197,145 | A | — | — | Common Stock | 197,145 | 197,145 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
- F2The RSUs will vest 1/3 each on 8/9/2017, 8/9/2018 and 8/9/2019.
- F3Each performance-based restricted stock unit ("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").
- F4The 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.