AMD strictly moderated (AMD)

[chipdesigner]

EDIT: Without checking your numbers, that sounds about right. Do also note that those 69110 options had a value of roughly $2.2M on the day he sold the 36000 shares. That was the size of this part of his investment in AMD prior to the transaction, in the form of options with a strike of about $8.50 on average. (even less than $10, then.) At today's stock prices, these options are 80% the way to being "shares" in terms of the way they behave.

So, "keeping it simple":

Before transaction:

69110 options with a value of $2,200,000.

After transaction:

-$564,000 in exercise costs.
$1,435,000 in proceeds from sale.
$1,320,000 in 33110 shares.

Happily, the numbers balance.

So the transaction resulted in his AMD investment going from 2.2M in options ---> 1.32M in stock + 900K in cash.

A reduction in AMD position.