Is 70-417 a composite of 410, 411, 412

Starting a new job soon and moving from ccnp level networking to more devops/ms cloud environment. I currently have MCSE:2003 and according to several sources, taking 417 will get me MCSA:2012, is that correct? The wording here sounds like 417 is a composite of 410, 411, 412. Am I reading this wrong?
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Certifications: A+, Network+, Security+, CIW Foundations and MTA OS Fundamentals
Cisco Lab :3x Cisco 2811 Routers, 3x Cisco 3750 Switches and Cisco 2620 Router with NM-32A module
Windows Lab: Dual CPU Hyper-V server with 12 Cores/24 Threads, 96GB RAM and 2TB HDD.
CANCER SURVIVOR! In Remission Since September 2016!
As well as upgrade an MCSE:03 to MCSA:2012?
Yes you can use it to upgrade from MCSE:03 to MCSA:2012
http://social.technet.microsoft.com/wiki/contents/articles/16483.upgrade-from-mcsamcse-2003-to-mcsa-server-2012.aspx
Upgrade from MCSA/MCSE 2003 to MCSA: Server 2012
There are many questions in the TechNet Forum for Training and Certification about upgrading from MCSA on Server 2003 or MCSE on Server 2003 so I decided to write a wiki about this topic.
You can upgrade to the new MCSA: Server 2012 certification from MCSE 2000/2003, and also from MCSA 2000/2003.
Upgrade from MCSE 2000/2003 to MCSE 2012:
1) Pass exam 70-417: Upgrading your skills to MCSA Windows Server 2012
2) Pass exam 70-413: Designing and Implementing a Server Infrastructure & 70-414: Implementing an Advanced Server Infrastructure
Upgrade from MCSA 2000/2003 to MCSA 2012:
1) Pass exam 70-417: Upgrading your skills to MCSA Windows Server 2012
Certifications: A+, Network+, Security+, CIW Foundations and MTA OS Fundamentals
Cisco Lab :3x Cisco 2811 Routers, 3x Cisco 3750 Switches and Cisco 2620 Router with NM-32A module
Windows Lab: Dual CPU Hyper-V server with 12 Cores/24 Threads, 96GB RAM and 2TB HDD.
CANCER SURVIVOR! In Remission Since September 2016!