Mark Papermaster - Aug 9, 2022 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Signature
/s/ Linda Lam by Power-of-attorney for Mark Papermaster
Stock symbol
AMD
Transactions as of
Aug 9, 2022
Transactions value $
-$8,866,781
Form type
4
Date filed
8/11/2022, 05:59 PM
Previous filing
Apr 1, 2022
Next filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMD Common Stock Options Exercise $0 +18.8K +1.45% $0.00 1.31M Aug 9, 2022 Direct
transaction AMD Common Stock Options Exercise $0 +217K +16.53% $0.00 1.53M Aug 9, 2022 Direct F1
transaction AMD Common Stock Tax liability -$707K -7.4K -0.48% $95.54 1.52M Aug 9, 2022 Direct F2
transaction AMD Common Stock Tax liability -$8.16M -85.4K -5.61% $95.54 1.44M Aug 9, 2022 Direct F3

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 -9.05K -100% $0.00* 0 Aug 9, 2022 Common Stock 9.05K Direct F4, F5
transaction AMD Restricted Stock Units Options Exercise $0 -4.74K -49.99% $0.00 4.74K Aug 9, 2022 Common Stock 4.74K Direct F4, F6
transaction AMD Restricted Stock Units Options Exercise $0 -5K -33.33% $0.00 10K Aug 9, 2022 Common Stock 5K Direct F4, F7
transaction AMD Performance Stock Units Options Exercise $0 -109K -50% $0.00 109K Aug 9, 2022 Common Stock 217K Direct F8
transaction AMD PRSU Award Award $0 +43.4K $0.00 43.4K Aug 9, 2022 Common Stock 43.4K Direct F9, F10
transaction AMD RSU Award Award $0 +21.7K $0.00 21.7K Aug 9, 2022 Common Stock 21.7K Direct F4, F11
transaction AMD Stock Option Grant Award $0 +46.8K $0.00 46.8K Aug 9, 2022 Common Stock 46.8K $95.54 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares issued in settlement of performance stock units ("PRSUs") earned and vested under the Value Creation Award granted to the Reporting Person on August 9, 2019 (the "VCA"). On November 18, 2020, the Compensation and Leadership Resources Committee ("Compensation Committee") of the Board of Directors (the "Board") of AMD certified achievement of the VCA at 200% of target. As a result, each PRSU under the VCA represents the right to receive two shares of AMD's common stock. 50% of the PRSUs that were earned under the VCA became vested and settled on August 9, 2022. The remaining 50% of the PRSUs earned under the VCA will become vested on August 9, 2024, subject to the Reporting Person continuing as AMD's Executive Vice President or more senior position through such date; provided, however, that vesting will accelerate if the Reporting Person incurs a "covered termination" (as defined in the Reporting Person's employment agreement) on or after August 9, 2023.
F2 The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of restricted stock units ("RSU").
F3 The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of PRSUs.
F4 Each RSU represents a contingent right to receive one share of AMD's common stock.
F5 The RSUs vest 1/3 on each of August 9, 2020, 2021 and 2022.
F6 The RSUs vest 1/3 on each of August 9, 2021, 2022 and 2023.
F7 The RSUs vest 1/3 on each of August 9, 2022, 2023 and 2024.
F8 Reflects number of PRSUs remaining outstanding under the VCA. On November 18, 2020, the Compensation Committee of the Board of AMD certified achievement of the VCA at 200% of target. As a result, each PRSU outstanding under the VCA represents a contingent right to receive two shares of AMD's common stock on August 9, 2024, subject to the Reporting Person continuing as AMD's Executive Vice President or more senior position through such date; provided, however, that vesting will accelerate if the Reporting Person incurs a "covered termination" (as defined in the Reporting Person's employment agreement) on or after August 9, 2023.
F9 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, 2022 and ends on August 9, 2025, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2024 fiscal year non-GAAP earnings per share exceeds AMDs 2022 fiscal year target 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, 2025 (or the one-year anniversary of a change in control, if earlier).
F10 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 15, 2025 or the date following the Compensation Committee's determination of performance.
F11 The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026.
F12 The options vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026.