Lawrence Liren Chen - Oct 15, 2021 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
President and CEO, Director
Signature
/s/ Ariel E. Greenstein, Attorney-in-Fact for Lawrence Liren Chen
Stock symbol
IDCC
Transactions as of
Oct 15, 2021
Transactions value $
-$1,360,154
Form type
4
Date filed
10/19/2021, 04:23 PM
Previous filing
Jul 30, 2021
Next filing
Oct 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +46.8K +65.21% $0.00 119K Oct 15, 2021 Direct F1
transaction IDCC Common Stock Tax liability -$1.36M -19.9K -16.76% $68.44 98.7K Oct 15, 2021 Direct F2
transaction IDCC Common Stock Disposed to Issuer -$115 -1.68 0% $68.44 98.7K Oct 15, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IDCC Employee Stock Options (right to buy) Award $0 +151K $0.00 151K Oct 15, 2021 Common Stock 151K $73.15 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of multiple milestone goals, 150% of the reporting person's target performance-based restricted stock unit award, or 46,788 restricted stock units, vested on October 15, 2021.
F2 The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the transaction described in Note 1.
F3 The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 1.
F4 The transaction reported represents the partial vesting of an award of performance-based stock options granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of multiple Milestone goals, 150% of the reporting person's target performance-based options vested on October 15, 2021.