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Advanced Micro Devices


became the latest technology company to accelerate the vesting of its options ahead of an expected accounting rule change.

AMD announced in a public filing Thursday with the

Securities and Exchange Commission

that it accelerated the vesting for 12 million options, thereby eliminating future compensation expense that the company would have to show on its balance sheet. All of the options had an exercise price above AMD's stock price of $14.51 -- the closing level on April 28, when the acceleration was implemented.

Shares closed Wednesday up 2.3% to $14.68.

AMD is following along the path other companies have taken ahead of a rule change requiring corporations to show the expenses associated with options granted to employees.

The accelerated vesting is allowed, with both the SEC and the Financial Accounting Standards Board signing off on the practice. But many accounting experts and corporate governance activists have

criticized the practice.

The rule change was going to take effect for companies in the first quarter after June 15, but the SEC last month

pushed back that date for most companies.