New insider Grasby Paul Darren claimed ownership of 123,180 shares (SEC Form 3)
$AMD
Semiconductors
Technology
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/19/2025 |
3. Issuer Name and Ticker or Trading Symbol
ADVANCED MICRO DEVICES INC [ AMD ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 123,180 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option | (1) | 08/09/2028 | Common Stock | 24,376 | $107.58 | D | |
| Stock Option | (2) | 08/09/2029 | Common Stock | 37,439 | $95.54 | D | |
| Stock Option | (3) | 08/09/2031 | Common Stock | 10,172 | $134.27 | D | |
| Performance Stock Units | (4) | (4) | Common Stock | 34,758 | (5) | D | |
| Performance Stock Units | (6) | (6) | Common Stock | 17,618 | (7) | D | |
| Performance Stock Units | (8) | (8) | Common Stock | 15,543 | (9) | D | |
| Performance Stock Units | (10) | (10) | Common Stock | 21,253 | (10) | D | |
| Restricted Stock Units | (11) | (11) | Common Stock | 8,690 | (12) | D | |
| Restricted Stock Units | (13) | (13) | Common Stock | 17,618 | (12) | D | |
| Restricted Stock Units | (14) | (14) | Common Stock | 5,181 | (12) | D | |
| Restricted Stock Units | (15) | (15) | Common Stock | 21,253 | (12) | D | |
| Explanation of Responses: |
| 1. The options vest 1/3 on each of August 9, 2022, 2023 and 2024. |
| 2. The options vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026. |
| 3. The options vest 1/4 on each of August 9, 2025, 2026, 2027 and 2028. |
| 4. The actual number of performance stock units ("PRSU") 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, below. 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. |
| 5. 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). |
| 6. The actual number of PRSUs that may be earned, if at all, will be determined by the Committee based on AMD's actual performance with respect to the performance vesting conditions described in footnote 7, below. Earned and vested PRSUs will generally be settled on the later of August 15, 2026 or the date following the Committee's determination of performance. |
| 7. Between 0% and 200% 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, 2023 and ends on August 9, 2026, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2025 fiscal year non-GAAP earnings per share exceeds AMDs 2023 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, 2026 (or the one-year anniversary of a change in control, if earlier). |
| 8. The actual number of PRSUs that may be earned, if at all, will be determined by the Committee based on AMD's actual performance with respect to the performance vesting conditions described in footnote 9, below. Earned and vested PRSUs will generally be settled on the later of August 15, 2027, or the date following the Committee's determination of performance. |
| 9. Between 0% and 200% 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, 2024 and ends on August 9, 2027, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2025 fiscal year non-GAAP earnings per share exceeds AMDs 2024 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, 2027 (or the one-year anniversary of a change in control, if earlier). |
| 10. Between 0% and 200% of the target number of PRSUs may be earned depending on AMD's achievement of pre-established stock price milestones over performance period that begins February 8, 2025, and ends on February 8, 2028. Vesting of any earned PRSUs is generally subject to the Reporting Person's continued employment and/or service with AMD through February 15, 2028 (or a change in control, if earlier). |
| 11. The restricted stock units ("RSU") vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026. |
| 12. Each RSU represents a contingent right to receive one share of AMD's common stock. |
| 13. The RSUs vest 1/2 on each of August 9, 2024 and 2025. |
| 14. The RSUs vest 1/4 on each of August 9, 2025, 2026, 2027 and 2028. |
| 15. The RSUs vest 1/3 on each of February 15, 2026, 2027 and 2028. |
| Remarks: |
| EXHIBIT LIST: EX-24 POA Paul Darren Grasby 2025 |
| /s/Linda Lam by Power of Attorney for Paul Darren Grasby | 03/03/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||