Replies to post #11709 on Advanced Micro Devices Inc (AMD)

[wbmw]

Restricted Stock - Subject to the approval of the Compensation Committee 
     ---------------- 
     of our Board of Directors you will be granted 30,000 shares of restricted 
     stock with par value of $0.01 on your commencement date. 
       Vesting  
       ------- 
       30,000 shares of restricted stock 
             .  10,000 vest in mid July 2001 
             .  10,000 vest in mid July 2002 
             .  10,000 vest in mid July 2005 
  
 A sample vesting schedule is shown in Exhibit A.  Shares shown as granted in 
 2001 and beyond are intended to demonstrate how shares vest over time.

This is incredible compensation for an executive to receive. Does AMD buy these shares at market price, or do they simply dilute the stock by issuing more of them?

[borusa]

8-/, Good find. Rivet worked with Ruiz at Moto. IIRC, Moto was miffed, threatened to sue.

[Petz]

cool find, I didn't realize that Rivet was that recent.

I don't understand what all the hullabaloo is w.r.t. granting penny stock options. Its identical to giving shares of a company in lieu of cash. Exactly what Microsoft said they would do instead of stock options.

And, as I pointed out, AMD treats these profit-wise as employee compensation, exactly as they should.

Petz