InterDigital Inc (IDCC)

[ddutta]

From the 10-Q

"On March 29, 2011 and March 30, 2011, we sold warrants to acquire, subject to customary anti-dilution adjustments, approximately 3.5
million and approximately 0.5 million shares of our common stock, respectively. The warrants become exercisable and expire in daily tranches over
an approximately two-month period that started June 15, 2016, and have a strike price of $63.18 per share. In consideration for the warrants issued
on March 29, 2011 and March 30, 2011, we received $27.6 million and $4.1 million, respectively, on April 4, 2011. The market price of our common
stock did not exceed the strike price of the warrants on any warrant expiration date in second quarter 2016; as a result, we were not required to
issue any shares of common stock pursuant to these warrants during the quarter."


Is the company required to inform the shareholders if any warrants were exercised at the strike price of $63.18?

If the answer is yes, then what is the time frame for doing so?

TIA