InterDigital Inc (IDCC)

[olddog967]

For anyone interested, here is the note term regarding the conversion adjustment because of a dividend that I referred to. As I posted it only is applicable for regular quarterly dividends over $0.10/share.

(d) If the Company pays any cash dividends or distributions paid exclusively in cash to all or substantially all holders of its Common Stock (other than dividends or distributions made in connection with the Company’s liquidation, dissolution or winding-up or upon a merger, consolidation or sale, conveyance, transfer, lease or other disposition resulting in a change in the conversion consideration as described under Section 10.05), other than a regular quarterly cash dividend that does not exceed $0.10 per share (the “Dividend Threshold Amount”), the Conversion Rate shall be increased based on the following formula:


CR1 = CR0 × SP0 — DTA



SP0 — C