InterDigital Inc (IDCC)

[Desert dweller]

Ronny one clarification to your tax calculation. The exercise of the options triggers AMT tax on the difference between FMV & strike price. So lets for arguments sake say that difference is $20 per share multiplied by 50,000 shares would be an AMT tax gain of $1,000,000 at 26% which would be AMT taxes of roughly $260,000 plus the regular state taxes on the actual sales gain. I could be wrong about this but I don't believe so.

As you know I am totally against excessive options which causes the resulting insider sales. I am not against modest insider sales either. The only problem is that we have given way too many options over the years that causes insiders to sell. I am surprised at this point that today we didn't see another Form 4 because these insider sales almost always come in big batches and they slow drip torture us with reporting the sales over several days to a week. Hopefully this will be the only sale until Harry sells his restricted shares on the date of the annual meeting as he has done in the past several years.