0000002488-19-000118.txt : 20190813
0000002488-19-000118.hdr.sgml : 20190813
20190813161821
ACCESSION NUMBER: 0000002488-19-000118
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190809
FILED AS OF DATE: 20190813
DATE AS OF CHANGE: 20190813
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: 191020857
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: 1228
BUSINESS ADDRESS:
STREET 1: 2485 AUGUSTINE DRIVE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: (408) 749-4000
MAIL ADDRESS:
STREET 1: 2485 AUGUSTINE DRIVE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
4
1
wf-form4_156572748467438.xml
FORM 4
X0306
4
2019-08-09
0
0000002488
ADVANCED MICRO DEVICES INC
AMD
0001622864
Norrod Forrest Eugene
2485 AUGUSTINE DRIVE
SANTA CLARA
CA
95054
0
1
0
0
SVP & GM DESG
Common Stock
2019-08-09
4
M
0
301324
0
A
1060495
D
Common Stock
2019-08-12
4
S
0
120895
33.53
D
939600
D
Performance Stock Units
0.0
2019-08-09
4
M
0
246432
0
D
Common Stock
246432.0
0
D
Restricted Stock Units
2019-08-09
4
M
0
32864
0
D
Common Stock
32864.0
0
D
Restricted Stock Units
2019-08-09
4
M
0
12327
0
D
Common Stock
12327.0
12328
D
Restricted Stock Units
2019-08-09
4
M
0
9701
0
D
Common Stock
9701.0
19402
D
PRSU Award
2019-08-09
4
A
0
35658
0
A
Common Stock
35658.0
35658
D
RSU Award
2019-08-09
4
A
0
17829
0
A
Common Stock
17829.0
17829
D
Stock Option Grant
34.19
2019-08-09
4
A
0
44362
0
A
2026-08-09
Common Stock
44362.0
44362
D
Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the vesting and settlement of the Reporting Person's Performance-based Restricted Stock Units ("PRSUs") and Restricted Stock Units ("RSUs").
The reported price in Column 4 is the price applied to the Reporting Person's account by the broker and represents a weighted average sale price for a block sale.
The number of PRSUs that may be earned is based on three-year compound annual growth rate milestones related to AMD's closing stock price that may be attained within the three-year performance period that began July 15, 2016 and ended August 9, 2019, with the potential payouts at 50%, 100%, 150%, 200% and 250% of the target number of PRSUs. Any PRSUs earned pursuant to the attainment of a performance level will vest and be paid out 50% upon the Compensation and Leadership Resources Committee's (the "Compensation Committee") 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.
Each PRSU represents a contingent right to receive one share of AMD's common stock.
Each RSU represents a contingent right to receive one share of AMD's common stock.
The RSUs vest 1/3 on each of August 9, 2017, 2018 and 2019.
The RSUs vest 1/3 on each of August 9, 2018, 2019 and 2020.
The RSUs vest 1/3 on each of August 9, 2019, 2020 and 2021.
Between 0% and 250% of the target number of PRSUs may be earned depending on (a) the return on AMD's stock price relative to the return on the S&P 500 Index over the performance period that begins August 9, 2019 and ends on August 9, 2022, (b) the absolute return on AMD's stock price over the performance period, and (c) AMD's non-GAAP earnings per share growth from its 2019 to 2021 fiscal years. Notwithstanding, the maximum number of PRSUs that may be earned is limited to (x) twelve times the target value of the PRSU award, divided by (y) the closing price of AMD's stock on the last day of the performance period. Vesting of any earned PRSUs is generally subject to the Reporting Person's continued employment and/or service with AMD through August 9, 2022 (or the one-year anniversary of a change in control, if earlier).
The actual number of PRSUs that may be earned, if at all, will be determined by the Compensation Committee based on AMD's actual performance with respect to the performance vesting conditions described in footnote 9, above. Earned and vested PRSUs will generally be settled on the later of August 16, 2022 or the date following the Compensation Committee's determination of performance.
The RSUs vest 1/3 on each of August 9, 2020, 2021 and 2022.
The options vest 1/3 on each of August 9, 2020, 2021 and 2022.
/s/Forrest Eugene Norrod
2019-08-13