Devinder Kumar - Aug 9, 2021 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Signature
Devinder Kumar
Stock symbol
AMD
Transactions as of
Aug 9, 2021
Transactions value $
-$7,732,378
Form type
4
Date filed
8/11/2021, 04:22 PM
Previous filing
Jun 3, 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 +19.8K +4.17% $0.00 495K Aug 9, 2021 Direct
transaction AMD Common Stock Tax liability -$1.06M -9.83K -1.99% $107.58 485K Aug 9, 2021 Direct
transaction AMD Common Stock Options Exercise $116K +63K +13% $1.84* 548K Aug 10, 2021 Direct F1
transaction AMD Common Stock Sale -$3.96M -36.9K -6.74% $107.34 511K Aug 10, 2021 Direct F2, F3
transaction AMD Common Stock Sale -$2.77M -25.5K -5% $108.24 486K Aug 10, 2021 Direct F2, F4
transaction AMD Common Stock Sale -$61.5K -564 -0.12% $109.02 485K Aug 10, 2021 Direct F2, F5

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 -10.2K -100% $0.00* 0 Aug 9, 2021 Common Stock 10.2K Direct F6, F7
transaction AMD Restricted Stock Units Options Exercise $0 -5.94K -49.99% $0.00 5.95K Aug 9, 2021 Common Stock 5.94K Direct F6, F8
transaction AMD Restricted Stock Units Options Exercise $0 -3.69K -33.32% $0.00 7.38K Aug 9, 2021 Common Stock 3.69K Direct F6, F9
transaction AMD PRSU Award Award $0 +18.8K $0.00 18.8K Aug 9, 2021 Common Stock 18.8K Direct F10, F11
transaction AMD RSU Award Award $0 +9.4K $0.00 9.4K Aug 9, 2021 Common Stock 9.4K Direct F6, F12
transaction AMD Stock Option Grant Award $0 +21.9K $0.00 21.9K Aug 9, 2021 Common Stock 21.9K $107.58 Direct F13
transaction AMD Stock Option Grant Disposed to Issuer $0 -63K -100% $0.00* 0 Aug 10, 2021 Common Stock 63K $1.84 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2020.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2020.
F3 Transaction executed in multiple trades at prices ranging from $106.88 to $107.87 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4 Transaction executed in multiple trades at prices ranging from $107.88 to $108.86 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F5 Transaction executed in multiple trades at prices ranging from $108.88 to $109.16 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F6 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
F7 The RSUs vest 1/3 on each of August 9, 2019, 2020 and 2021.
F8 The RSUs vest 1/3 each on August 9, 2020, 2021 and 2022.
F9 The RSUs vest 1/3 on each of August 9, 2021, 2022 and 2023.
F10 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).
F11 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 10, 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.
F12 The RSUs vest 1/3 on each of August 9, 2022, 2023 and 2024.
F13 The options vest 1/3 on each of August 9, 2022, 2023 and 2024.
F14 This option vested 33 1/3% on August 15, 2016 and 8 1/3% per quarter over the subsequent eight quarters.