SEC Form 4 · accession 0001622864-15-000001
ADVANCED MICRO DEVICES INC · AMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Forrest Eugene Norrod
Officer — SVP & GM EESC
Period of report
Aug 15, 2015
Accepted (ET)
Aug 18, 2015 · 5:46 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option GrantF1 | $1.84 | Aug 15, 2015 | A | 500,221 | A | — | Aug 15, 2022 | Common Stock | 500,221 | 500,221 | D |
| PRSU AwardF3,F2 | — | Aug 15, 2015 | A | 412,082 | A | — | — | Common Stock | 412,082 | 412,082 | D |
Explanation of responses
- F1This option vests 33 1/3% on August 15, 2016 and 8 1/3% per quarter over the next eight following quarters.
- F2Each performance-based restricted stock unit ("PRSU") represents a contingent right to receive one share of AMD's common stock.
- F3The number of PRSUs that may be earned is based on three-year compounded growth rate milestones 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.