SEC Form 4 · accession 0000002488-16-000286
ADVANCED MICRO DEVICES INC · AMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Robert Anderson
Officer — SVP & GM, CGBG
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 4:38 pm EST
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 | Nov 15, 2016 | M | 589,342 | $0.00 | A | 771,152 | D | |
| Common StockF1 | Nov 16, 2016 | S | 312,318 | $7.38 | D | 458,834 | D | |
| Common StockF2 | Nov 17, 2016 | S | 38,500 | $8.49 | D | 420,334 | 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 UnitsF3 | — | Nov 15, 2016 | M | 589,342 | D | — | — | Common Stock | 589,342 | 281,823 | D |
Explanation of responses
- F1Represents the number of shares to satisfy tax withholding obligations in connection with Recipient's Performance-based Restricted Stock Unit ("PRSU") vesting.
- F2Sale of shares to cover reporting person's incremental tax liability.
- F3The number of PRSUs that may be earned is based on a three-year compounded growth rate milestone related to AMD's closing stock price that may be attained within the three-year performance period that begins on August 15, 2015 and ends on August 15, 2018 (the "Performance Period"), with the potential payout levels of PRSUs at 50%, 100%, 200% and 250% of the target number of PRSUs granted, provided however, no more than 50% of the PRSU Award shall vest on the first anniversary of the grant date and 50% shall vest at the end of the Performance Period, to the extent earned.