InterDigital, Inc. — Director's Dealing 2021

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: InterDigital, Inc. (IDCC)
CIK: 0001405495
Period of Report: 2021-03-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-12	Common Stock	M	3260	$30.69	Acquired	202319.5467	Direct
2021-03-12	Common Stock	F	2050	$66.42	Disposed	200269.5467	Direct
2021-03-12	Common Stock	M	34398	$30.69	Acquired	234667.5467	Direct
2021-03-12	Common Stock	F	24342	$66.36	Disposed	210325.5467	Direct
2021-03-15	Common Stock	F	9730	$0.00	Disposed	200595.5467	Direct
2021-03-15	Common Stock	D	0.0922	$0.00	Disposed	200595.4545	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-12	Employee Stock Option (Right-to-Buy)	$30.69	M	37658	Disposed	2021-03-15	Common Stock (37658)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3422	Indirect

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 1,210 shares of common stock on net exercise of an option to purchase 3,260 shares of common stock. The Company withheld 2,050 shares of common stock underlying the option for payment of the exercise price and tax withholdings using the stock price on March 13, 2021 of $66.42.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 10,056 shares of common stock on net exercise of an option to purchase 34,398 shares of common stock. The Company withheld 24,342 shares of common stock underlying the option for payment of the exercise price and tax withholdings using the stock price on March 13, 2021 of $66.36.

F3: 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 July 16, 2018 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's Long-Term Compensation Program and vested on March 15, 2021, together with accrued dividend equivalents.

F4: 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.

F5: 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.

F6: The stock option vested in three equal annual installments beginning on March 15, 2015.