InterDigital, Inc. — Director's Dealing 2019

Mar 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: InterDigital, Inc. (IDCC)
CIK: 0001405495
Period of Report: 2019-03-15

Reporting Person: MERRITT WILLIAM J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-15	Common Stock	F	3406	$67.61	Disposed	153142.898	Direct
2019-03-15	Common Stock	D	0.1988	$67.61	Disposed	153142.6992	Direct
2019-03-15	Common Stock	A	22237.4964	$0.00	Acquired	175380.1956	Direct
2019-03-15	Common Stock	F	9464	$67.61	Disposed	165916.1956	Direct
2019-03-15	Common Stock	D	0.4964	$67.61	Disposed	165915.6992	Direct
2019-03-15	Common Stock	A	16024	$0.00	Acquired	181939.6992	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3297	Indirect

Footnotes

F1: The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 30, 2016 pursuant to the company's 2009 Stock Incentive Plan in accordance with the company's Long-Term Compensation Program and vested on March 15, 2019, together with accrued dividend equivalents.

F2: The transaction reported reflects the cash settlement of a fractional share in connection with the vesting of restricted stock units, as described in Note 1.

F3: The transaction reported represents the vesting of an award of performance-based restricted stock units granted to the reporting person on March 30, 2016 pursuant to the company's 2009 Stock Incentive Plan in accordance with the 2016-2018 cycle under the company's Long-Term Compensation Program. Based on the achievement level of the 2016-2018 cycle performance goal, 100% of the reporting person's target performance-based restricted stock unit award, or 21,178 restricted stock units, vested on March 15, 2019, together with 1,059.4964 additional shares representing accrued dividend equivalent units.

F4: The transaction reported reflects the withholding of retricted stock units in satisfaction of the reporting person's tax liability in connection with the transaction described in Note 3.

F5: The transaction reported reflects the cash settlement of a fractional share in connection with the vesting of restricted stock units, as described in Note 3.

F6: Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.

F7: As of the most recently published account statement, the reporting person beneficially owned this number of whole shares of common stock pursuant to the InterDigital Savings and Protection Plan.