InterDigital Inc (IDCC)

[olddog967]

dmiller/Jim: Kiernan's sale was "pursuant to a Rule 10b5-1 trading plan adopted by the reporting person". As such, the exercise and related sale were probably set in advance with consideration given to the short time period before exercise expiration, and the possibility that the option could expire worthless.

As a side note, based on data in last year's 10-K, it looks like there were 48,200 open options with an exercise price of $39.00 that expired worthless by the end of last year, and an additional 13,000 options with an exercise price of $34.13 that will expire early next month.