Replies to post #417916 on InterDigital Inc (IDCC)

[LTE]

<<<<The notes will be convertible at an initial conversion rate of 13.8172 shares of InterDigital common stock per $1,000 principal amount of the notes, which is equivalent to an initial conversion price of approximately $72.37,>>

FISH21049:

Thanks - so it looks like the new conversion price is
25 cents lower.

[Gamco]

I wonder why IDCC provided the 6/21/2017 update to the convertible note conversion rate. To my recollection, there was no comparable notification during 2016 and I am not aware of any requirement to provide such an update to the conversion rate. Why now?