AMD 1997 Annual Report Download - page 46

OPTION/SAR GRANTS IN THE LAST FISCAL YEAR
POTENTIAL REALIZABLE VALUE AT
ASSUMED ANNUAL RATES OF STOCK
PRICE APPRECIATION FOR OPTION
TERM(2)
-------------------------------
(A) (B) (C) (D) (E) (F) (G) (H)
NUMBER OF % OF TOTAL
SECURITIES OPTIONS/SARS EXERCISE
UNDERLYING GRANTED TO PRICE
OPTIONS/SARS EMPLOYEES IN PER EXPIRATION
NAME GRANTED(/1/) FISCAL YEAR SHARE DATE 0% 5% 10%
---- ------------ ------------ -------- ---------- ------------------ ------------
W. J. Sanders III....... 0 0 N/A N/A $ 0 $ 0 $ 0
Richard Previte......... 100,000 3.00% $37.50 04/23/07 $ 0 $ 2,358,355 $ 5,976,534
S. Atiq Raza............ 75,000 2.25% $37.50 04/23/07 $ 0 $ 1,768,766 $ 4,482,401
Eugene D. Conner........ 50,000 1.50% $37.50 04/23/07 $ 0 $ 1,179,177 $ 2,988,267
Stephen Zelencik........ 50,000 1.50% $37.50 04/23/07 $ 0 $ 1,179,177 $ 2,988,267
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(1) For all optionees: Each option has a ten-year term. Each option is subject
to earlier termination upon the optionee's termination of employment,
death or disability. The exercise price may be paid in cash or in shares.
Withholding taxes due on exercise may be paid in cash, with previously
owned shares, or by having shares withheld. Upon an optionees' termination
of employment, options may be exercised only to the extent exercisable on
the date of such termination of employment. Upon an optionee's death or
disability, certain options that vest during the year of death or
disability may become exercisable. Options may also become fully
exercisable upon a Change in Control of the Company or in accordance with
an optionee's management continuity agreement. See the discussion under
"Chairman's Employment Agreement" and "Change in Control Arrangements." No
stock appreciation rights (SARs) were granted to the executive officers
listed in the table during 1997.
(2) The 0 percent, 5 percent and 10 percent assumed rates of annual compound
stock price appreciation are mandated by rules of the Securities and
Exchange Commission and do not represent the Company's estimate or
projection of future prices of the Company's common stock.
AGGREGATED OPTION/SAR EXERCISES IN THE LAST FISCAL YEAR AND FISCAL YEAR-END
OPTION/SAR VALUES
(A) (B) (C) (D) (E)
NUMBER OF SECURITIES VALUE OF UNEXERCISED
NUMBER UNDERLYING UNEXERCISED IN-THE-MONEY
OF SHARES OPTIONS/SARS AT 12/31/97 OPTIONS/SARS AT 12/31/97(1)
ACQUIRED ON VALUE ----------------------------- -----------------------------
NAME EXERCISE REALIZED(1) (EXERCISABLE) (UNEXERCISABLE) (EXERCISABLE) (UNEXERCISABLE)
---- ----------- ------------- ------------- --------------- ------------- ---------------
W. J. Sanders III....... 500,000 $15,855,280 1,775,000 1,425,000 $5,300,750 $4,004,250
Richard Previte......... 0 $ 0 445,550 245,267 $ 534,974 $ 794,436
S. Atiq Raza............ 179,000 $ 5,998,796 22,000 274,132 $ 0 $ 547,192
Eugene D. Conner........ 30,000 $ 888,900 379,264 122,632 $1,996,720 $ 397,192
Stephen Zelencik........ 0 $ 0 223,125 122,632 $ 266,085 $ 397,192
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(1) Value for these purposes is based solely on the difference between market
value of underlying shares on the applicable date (i.e., date of exercise
or fiscal year-end) and the exercise price of options.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998