InterDigital Inc (IDCC)

[Corp_Buyer]

TC- "BFD". Yes it is an enormous BFD. 3% per year of a mid-cap PUBLIC company is unprecedented. Here is my math again in case you missed it:

Let's say IDCC becomes a $10 billion market cap company in a few years (versus $1 Bil today), then shareholders will have handed over $3.4 BILLION of market cap (against a $0.34 B strike price or cost) so net $3.0 BILLION gain to perhaps 300 employees = $10 MILLION to each employee including janitors if all employees shared equally, which they certainly do not.

We ALREADY have way TOO much ISO at IDCC. That is the point. More ISO is throwing good money after an already excessive option pool. This is a bad proposal for shareholders. Enough is enough and we already have too much ISO. I fully expect IDCC will make very many employees multi-millionaires and some billionaires at the current levels of ISO, so no more is needed at this time.

Can you show me ANY other mid-cap public company that has an ISO pool of 34% of the company approved by shareholders after going public? I expect not.

Cheers,
Corp_Buyer