SEC Form 4 · accession 0001209191-17-021464
InterDigital, Inc. · IDCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence F Shay
Officer — SEVP,Fut.Wireless,&Ch.IPCouns.
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001405495
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 15, 2017 | F | 4,137 | $85.45 | D | 33,837 | D | |
| Common Stock | Mar 15, 2017 | D | 1 | $85.45 | D | 33,837 | D | |
| Common Stock | Mar 15, 2017 | A | 34,099 | $0.00 | A | 67,936 | D | |
| Common Stock | Mar 15, 2017 | F | 15,056 | $85.45 | D | 52,880 | D | |
| Common Stock | Mar 15, 2017 | D | 0 | $85.45 | D | 52,880 | D | |
| Common StockF6 | holding | — | — | — | 3,214 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 March 15, 2014 pursuant to the company's 2009 Stock Incentive Plan in accordance with the company's Long-Term Compensation Program and vested on March 15, 2017, together with accrued dividend equivalents.
- F2The transaction reported reflects the cash settlement of a fractional share in connection with the vesting of restricted stock units, as described in Note 1.
- F3The transaction reported represents the vesting of an award of performance-based restricted stock units granted to the reporting person on March 15, 2014 pursuant to the company's 2009 Stock Incentive Plan in accordance with the 2014-2016 cycle under the company's Long-Term Compensation Program. Based on the achievement level of the 2014-2016 cycle performance goal, 200% of the reporting person's target performance-based restricted stock unit award, or 32,584 restricted stock units, vested on March 15, 2017, together with 1,515.2438 additional shares representing accrued dividend equivalent units.
- F4The 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 3.
- F5The transaction reported reflects the cash settlement of a fractional share in connection with the vesting of restricted stock units, as described in Note 3.
- F6As 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.