Pretty sad isn't it? It was a stock purchase plan and with 300 employees only 154,000 shares were purchased. I believe many of those plans allow for a discount of up to 15% when employees purchase stock by way of those plans. If that is the case, I think that is pretty bad that employees either don't have the faith in the company or that the company has given them so many shares that they don't want to risk their own money. We know that is the case with management, but we don't know how many shares were given out to the rank and file over the years.
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In a nutshell, IDCC had previously registered 1M shares to issue to management as part of its stock compensation program. It terminated that program at the end of last year and is now deregistering the shares that it did not issue. It only issued about 154K shares.
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