InterDigital Inc (IDCC)

[rmarchma]

Bluesky re option distribution to management you said:

...."According to IDCC's proxy, 18% of all option grants go to management (15) and 82% go to the rest of the employees (285)."

From page 26 of the proxy re 2002 option grants as follows:


Executive Group
29,000

Non-Executive Director Group
151,000

Non-Executive Officer Employee Group
111,819

Of the 1.1m options granted in 2002, IDCC's management and directors still received almost 300,000 new option grants = 27%, not 18%. This is in addition to the outrageous amount of options that they received in 2001. The top five highest- paid "executive group" received over 400,000 options in 2001 and the directors over 150,000. The information for the Non-Executive officers was not provided in the 2001 proxy material. I agree that "all directors and officers as a group" is composed of 15 persons according to the proxy.