InterDigital Inc (IDCC)

[blueskywaves]

I'm almost certain that the 1999 Plan referenced in the 2003 Proxy consists mostly of restricted stock and restricted stock units used for management and consultants. Restricted Stock & Restricted Stock Units vest over a shorter period of time and ARE already expensed against earnings. The 2000 Plan consists of options that ARE NOT expensed against earnings. The options under the 2000 Plan are generally available to all management and employees.

You may want to call IR to make sure.

From the 2000 Proxy Statement......

The 2000 Plan would replace a number of Company plans, including the Non-Qualified Stock Option Plan, 1992 Non-Qualified Stock Option Plan, 1992 Employee Stock Option Plan, 1995 Employee Stock Option Plan, and 1997 Stock Option Plan for Non-Employee Directors but excluding the 1999 Restricted Stock Plan and the Company's bonus plan (the "Preexisting Plans").
.

 
 Interdigital (IDCC) 
 RESTRICTED STOCK & 
 RESTRICTED STOCK UNITS 
 1999 to 2002 
 . 
 . 
 .              Authorized      Outstanding    Available 
 . 
 12/31/99       1,500,000        322,000       1,178,000 
 12/31/00       3,500,000*       668,008       2,831,992 
 12/31/01       3,500,000        812,658       2,687,342 
 12/31/02       3,500,000        915,064       2,584,936 
 . 
 .* increased on 4/13/2000. 
 

From the 2003 Proxy Statement

We have also issued restricted stock and restricted stock units as part of our compensation structure.

In 1999, we issued to each executive officer then employed, including Mr. Goldberg, restricted stock that generally was non-transferable and was forfeitable if the recipient left the Company prior to the third anniversary of the grant. At that time, we also agreed to provide to each executive officer upon the lapse of the forfeiture risk on the restricted stock a tax gross-up benefit that would cover that executive’s tax liability associated with the restricted stock.

In 2000, we replaced the tax gross-up benefit with a grant of restricted stock units that vested (i.e., converted to transferable Common Stock) on the same day that the forfeiture risk on the restricted stock lapsed.

In 2002, the restrictions on transferability and the forfeiture provisions lapsed with respect to these shares of restricted stock, and the restricted stock units vested. In 2002, no executive officer was granted (i) restricted stock other than as a component of the annual bonus, or (ii) restricted stock units.