Oistamo Kai Olavi 4
4 · InterDigital, Inc. · Filed Jun 17, 2020
Insider Transaction Report
Form 4
Oistamo Kai Olavi
Director
Transactions
- Disposition to Issuer
Common Stock
2020-06-15$55.38/sh−1,144$63,355→ 51,958.206 total - Award
Common Stock
2020-06-15+2,994→ 53,102.206 total - Award
Employee Stock Option (right to buy)
2020-03-31+11,519→ 11,519 totalExercise: $44.63From: 2020-06-15Exp: 2030-03-31→ Common Stock (11,519 underlying)
Footnotes (3)
- [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 2,994 restricted stock units, vested on June 15, 2020.
- [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 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 11,519 options, vested on June 15, 2020.