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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (69039)8/17/1999 1:00:00 PM
From: DRBES  Read Replies (1) | Respond to of 1585909
 
re: "Now that he is no longer an officer of the company, would he still have to report any planned stock transactions?"

I do not honestly recall the exact rules that date from my days as an analyst; and they have probably changed in detail by now but not in spirit. He is an "insider" technically for several years (probably five though it could well be less) and he probably has more restrictive agreements with AMD if he still maintains contact, as he and they claim, and he may still have unexpired options. Also, he owns so many shares that some other SEC restrictions probably kick in.

That is all that I recall off the top of my head (which pAUL will probably point out as being pointed and very small).

DARBES



To: Elmer who wrote (69039)8/17/1999 1:04:00 PM
From: Bill Jackson  Respond to of 1585909
 
Elmer, If he has so many that he is above a reporting threshold(?how many is that is the USA) he must report changes even if not a director. I think it is 5%, and I doubt he owns 5% of AMD. In addition vested options that he takes with him must be reported when exercised. Apart from that no need to report. I am not sure if the threshold is 5%. With major companies, like AMD, Intel , it may be lower.

Bill


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