InterDigital Inc (IDCC)

[revlis]

loophole,

Is this what you are talking about? It comes to about 200,000 options to the outside directors. If you want to classify this as greedy, then that is your right. I did too at the time. I have changed my mind. They could have given themselves the 200,000 shares outright without going through the 4 to 1 deal. But the fact remains, the outside directors can not participate in any ISOs as I discovered this morning.

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.