InterDigital Inc (IDCC)

[olddog967]

eagle-i13: In addition to the reported purchases as far as buying stock with their own money, IDCC has a 401(k) plan (InterDigital Savings and Protection Plan) that as one of its options allows employees to invest their funds and the related employer contributions in an “INTERDIGITAL STOCK FUND”. According to Merritt’s latest filing he is the beneficial owner of 3,200 IDCC shares under his 401(k). Other officers have reported similar amounts.

In regard to other open market purchases, back in December 2000 the board came up with the following option giveaway program as an inducement for outside directors to purchase stock on the open market:

"As part of a program to increase ownership of Common Stock by Board members, the following Outside Directors were granted four (4) fully-vested options to purchase shares of Common Stock for each share of stock such directors purchased on the open market from December 21, 2000 to January 10, 2001 as follows: Mr. Campagna, 20,000 options; Mr. Colson, 52,800 options; Mr. Clontz, 48,000 options; and Mr. Roath, 76,190 options. The aggregate purchase price of shares eligible for the option match was capped at $100,000 for Outside Directors."