Replies to post #21652 on InterDigital Inc (IDCC)

[sophist]

To fmilt: I guess I am confused as to when the time establishing the Full Market Value is determined for purchase of the Option shares, and what is the time of the "granting" of these shares to an employee or executive as opposed to the time these Options are "approved" by the shareholders (presumably this June at the Annual Meeting)? Is the FMV for ALL OPTIONS established by IDCC common share price at the time of the shareholder's approval at the Annual Meeting?
Or is the FMV determined by the time at which Management actually gives a specific number of such Options to a specific employee or executive (in which case their FMV would be determined at that time for that specific employee or executive, suggesting the FMV for a specific Option has a "variable" determination depending on the time they are distributed and the common share value at that time)?

If the former is true, then Management might have some incentive to keep IDCC share price as low as possible until AFTER the shareholder meeting. If the latter is true, then there would be, it seems to me, less incentive for Management to control the timing of common share price fluctuations.

Am I making any sense here? In any case, thanks for your explanation.