Forrest Eugene Norrod - Aug 9, 2021 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Role
SVP & GM DESG
Signature
/s/Forrest Eugene Norrod
Stock symbol
AMD
Transactions as of
Aug 9, 2021
Transactions value $
-$801,794
Form type
4
Date filed
8/11/2021, 04:16 PM
Previous filing
Aug 2, 2021
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMD Common Stock Options Exercise $0 +18.9K +7.05% $0.00 288K Aug 9, 2021 Direct
transaction AMD Common Stock Tax liability -$802K -7.45K -2.59% $107.58 280K Aug 9, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMD Restricted Stock Units Options Exercise $0 -9.7K -100% $0.00* 0 Aug 9, 2021 Common Stock 9.7K Direct F1, F2
transaction AMD Restricted Stock Units Options Exercise $0 -5.94K -49.99% $0.00 5.95K Aug 9, 2021 Common Stock 5.94K Direct F1, F3
transaction AMD Restricted Stock Units Options Exercise $0 -3.29K -33.33% $0.00 6.59K Aug 9, 2021 Common Stock 3.29K Direct F1, F4
transaction AMD PRSU Award Award $0 +17.7K $0.00 17.7K Aug 9, 2021 Common Stock 17.7K Direct F5, F6
transaction AMD RSU Award Award $0 +8.87K $0.00 8.87K Aug 9, 2021 Common Stock 8.87K Direct F1, F7
transaction AMD Stock Option Grant Award $0 +20.7K $0.00 20.7K Aug 9, 2021 Common Stock 20.7K $107.58 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
F2 The RSUs vest 1/3 on each of August 9, 2019, 2020 and 2021.
F3 The RSUs vest 1/3 on each of August 9, 2020, 2021 and 2022.
F4 The RSUs vest 1/3 on each of August 9, 2021, 2022 and 2023.
F5 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, 2021 and ends on August 9, 2024, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2023 fiscal year non-GAAP earnings per share exceeds AMDs 2021 fiscal year non-GAAP earnings per share. Vesting of any earned PRSUs is generally subject to the Reporting Person's continued employment and/or service with AMD through August 9, 2024 (or the one-year anniversary of a change in control, if earlier).
F6 The actual number of PRSUs that may be earned, if at all, will be determined by the Compensation and Leadership Resources Committee ("Compensation Committee") based on AMD's actual performance with respect to the performance vesting conditions described in footnote 5, above. Earned and vested PRSUs will generally be settled on the later of August 15, 2024 or the date following the Compensation Committee's determination of performance.
F7 The RSUs vest 1/3 on each of August 9, 2022, 2023 and 2024.
F8 The options vest 1/3 on each of August 9, 2022, 2023 and 2024.