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InterDigital, Inc. — Director's Dealing 2020
Jun 18, 2020
30668_dirs_2020-06-17_8949ddb8-dd86-4465-a0e0-a3c6651d4e86.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: InterDigital, Inc. (IDCC)
CIK: 0001405495
Period of Report: 2020-06-15
Reporting Person: MERRITT WILLIAM J (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-06-15 | Common Stock | A | 4858 | $0.00 | Acquired | 199320.2149 | Direct |
| 2020-06-15 | Common Stock | D | 1723 | $55.38 | Disposed | 197597.2149 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-06-15 | Employee Stock Options (right to buy) | $44.63 | A | 18718 | Acquired | 2030-03-31 | Common Stock (18718) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3388 | Indirect |
Footnotes
F1: The transaction reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Stock Incentive Plan in accordance with the 2020 Long-Term Compensation Program. Based on the achievement of a Milestone goal, 20% of the reporting person's target performance-based restricted stock unit award, or 4,858 restricted stock units, vested on June 15, 2020.
F2: 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 1.
F3: 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.
F4: The transaction reported represents the vesting of a partial award of performance-based stock options granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Stock Incentive Plan in accordance with the 2020 Long-Term Compensation Program. Based on the achievement of the first Milestone goal, 20% of the reporting person's target performance-based options, or 18,718 options, vested on June 15, 2020.