Sec Form 4 Filing - Norrod Forrest Eugene @ ADVANCED MICRO DEVICES INC - 2018-08-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Norrod Forrest Eugene
2. Issuer Name and Ticker or Trading Symbol
ADVANCED MICRO DEVICES INC [ AMD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & GM DESG
(Last) (First) (Middle)
2485 AUGUSTINE DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
08/09/2018
(Street)
SANTA CLARA, CA95054
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/09/2018 M 45,181 A $ 0 626,453 D
Common Stock 08/10/2018 S 18,006 ( 1 ) D $ 19.14 608,447 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 2 ) 08/09/2018 M 32,854 ( 3 ) ( 3 ) Common Stock 32,854 $ 0 32,864 D
Restricted Stock Units ( 2 ) 08/09/2018 M 12,327 ( 4 ) ( 4 ) Common Stock 12,327 $ 0 24,655 D
Stock Option Grant $ 19.1 08/09/2018 A 70,332 ( 5 ) 08/09/2025 Common Stock 70,332 $ 0 70,332 D
RSU Award ( 2 ) 08/09/2018 A 29,103 ( 6 ) ( 6 ) Common Stock 29,103 $ 0 29,103 D
PRSU Award ( 7 ) 08/09/2018 A 58,207 ( 8 ) ( 8 ) Common Stock 58,207 $ 0 58,207 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Norrod Forrest Eugene
2485 AUGUSTINE DRIVE
SANTA CLARA, CA95054
SVP & GM DESG
Signatures
/s/Forrest Eugene Norrod 08/13/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the Reporting Person's Restricted Stock Unit ("RSU") vesting.
( 2 )Each RSU represents a contingent right to receive one share of AMD's common stock.
( 3 )The RSUs vest 1/3 on each of August 9, 2017, 2018 and 2019.
( 4 )The RSUs vest 1/3 each on August 9, 2018, 2019 and 2020.
( 5 )The options vest 1/3 on each of August 9, 2019, 2020 and 2021.
( 6 )The RSUs vest 1/3 on each of August 9, 2019, 2020 and 2021.
( 7 )Each performance based restricted stock unit ("PRSU") represents a contingent right to receive one share of AMD's common stock. 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 (Performance Period) that begins August 9, 2018 and ends on August 9, 2021, (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 2018 to 2020 fiscal years. Notwithstanding, the maximum number of PRSUs that may be earned is limited to (x) eight 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, 2021.
( 8 )The actual number of PRSUs that may be earned, if at all, will be determined by the Compensation and Leadership Resources Committee ("CLRC") based on AMD's actual performance with respect to the performance vesting conditions described in footnote 7, above. Earned and vested PRSUs will generally be settled on the later of August 16, 2021 or the date following the CLRC's determination of performance.

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