MERRITT WILLIAM J 4
4 · InterDigital, Inc. · Filed Jun 17, 2020
Insider Transaction Report
Form 4
MERRITT WILLIAM J
DirectorPresident and CEO
Transactions
- Award
Common Stock
2020-06-15+4,858→ 199,320.215 total - Disposition to Issuer
Common Stock
2020-06-15$55.38/sh−1,723$95,420→ 197,597.215 total - Award
Employee Stock Options (right to buy)
2020-06-15$44.63/sh+18,718$835,384→ 18,718 totalExercise: $44.63From: 2020-06-15Exp: 2030-03-31→ Common Stock (18,718 underlying)
Holdings
- 3,388(indirect: By 401(k))
Common Stock
Footnotes (4)
- [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.