AMD 1997 Annual Report Download - page 45

(6) No bonus was earned for 1997 or 1996. For 1996, a bonus amount of
$558,945 was paid from the Unpaid Contingent Bonus carried forward from
1994 and 1995. No additional carryover amount exists. For 1995, the
maximum bonus amount of $1,312,600 was paid, with an Unpaid Contingent
Bonus amount of $67,670 carried over and paid in 1996, because Mr.
Previte's bonus for 1996 did not exceed the maximum amount.
(7) The total number of restricted shares held by Mr. Previte and their
aggregate value at December 28, 1997 were 84,733 shares valued at
$1,487,064. The value is based on the closing sales price of AMD common
stock on December 26, 1997 ($17.56) and is net of consideration paid for
the stock. The dollar value of the restricted stock appearing in the
table with respect to 1996 is based on the closing sales price of AMD
common stock on October 11, 1996 ($16.13), the date of the award, and is
net of consideration paid for the stock. The 1996 award vests if certain
stock targets and employment related conditions are met. The stock
targets for the 1996 award were met in 1997. 27,367 of the restricted
shares vested in January of 1998. If Mr. Previte is employed on January
19, 1999, 13,683 of the restricted shares will vest. If Mr. Previte is
employed on January 19, 2000, 13,683 of the restricted shares will vest.
(8) Includes $30,693 paid in the form of cancellation of indebtedness on a
note for interest accrued to October 17, 1996.
(9) The total number of restricted shares held by Mr. Raza and their
aggregate value at December 28, 1997 were 29,868 shares valued at
$524,183. The value is based on the closing sales price of AMD common
stock on December 26, 1997 ($17.56) and is net of consideration paid for
the stock. The dollar value of the restricted stock appearing in the
table with respect to 1996 is based on the closing sales price of AMD
common stock on the date of the awards, April 24, 1996 ($18.38) and
October 11, 1996 ($16.13), and is net of consideration paid for the
stock. 2,500 of the performance restricted shares awarded in April of
1996 vested in January of 1997; the performance conditions for the other
2,500 shares awarded in April of 1996 were not met and the award did not
vest in January of 1998. The October 1996 award vests if certain stock
targets and employment related conditions are met. The stock targets for
the October 1996 award were met in 1997. 13,683 of the restricted shares
vested in January of 1998. If Mr. Raza is employed on January 19, 1999,
6,843 of the restricted shares will vest. If Mr. Raza is employed on
January 19, 2000, 6,842 of the restricted shares will vest.
(10) The total number of restricted shares held by the executive and the
aggregate value at December 28, 1997 were 27,368 shares valued at
$480,308. The value is based on the closing sales price of AMD common
stock on December 26, 1997, ($17.56) and is net of consideration paid for
the stock. The dollar value of the restricted stock appearing in the
table with respect to 1996 is based on the closing sales price of AMD
common stock on October 11, 1996 ($16.13), the date of the award, and is
net of consideration paid for the stock. The 1996 award vests if certain
stock price targets and employment related conditions are met. The stock
price targets for the 1996 award were met in 1997. 13,683 of the
restricted shares vested in January of 1998. If the executive is employed
on January 19, 1999, 6,843 of the restricted shares will vest. If the
executive is employed on January 19, 2000, 6,842 of the restricted shares
will vest.
(11) Includes for Messrs. Conner and Zelencik, $6,506 and $6,988,
respectively, paid as a correction to the long-term portion of the
bonuses paid under the Executive Bonus Plan for 1995.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998