Brezski Richard Form 4 InterDigital / RICHARD BREZSKI ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BREZSKI RICHARD

(Last) (First) (Middle)

200 BELLEVUE PARKWAY

SUITE 300

(Street)

WILMINGTON DE 19809

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
InterDigital, Inc. [ IDCC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2021	03/12/2021	F(1)		8,475	D	$66.36	43,748.2792	D
Common Stock	03/12/2021	03/12/2021	F(2)		2,050	D	$66.41	41,698.2792	D
Common Stock	03/12/2021	03/12/2021	M		3,260	A	$30.69	44,958.2792	D
Common Stock	03/12/2021	03/12/2021	M		13,477	A	$30.69	58,435.2792	D
Common Stock	03/15/2021	03/15/2021	F(3)		1,084	D	$0.00	57,351.2792	D
Common Stock	03/15/2021	03/15/2021	D(4)		0.0403	D	$0.00	57,351.2389	D
Common Stock								1,874(5)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right-to-Buy)	$30.69	03/12/2021		M			16,737	(6)	03/15/2021	Common Stock	16,737	$0.00	0	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 5,002 shares of common stock on net exercise of an option to purchase 13,477 shares of common stock. The Company withheld 8,475 shares of common stock underlying the option for payment of the exercise price and tax withholdings using the stock price on March 13, 2021 of $66.36.

2. Represents a "net exercise" of outstanding stock options. The reporting person received 1,210 shares of common stock on net exercise of an option to purchase 3,260 shares of common stock. The Company withheld 2,050 shares of common stock underlying the option for payment of the exercise price and tax withholdings using the stock price on March 13, 2021 of $66.41.

3. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on July 16, 2019 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's Long-Term Compensation Program and vested on March 15, 2021, together with accrued dividend equivalents.

4. The transaction reported reflects the cash settlement of a fractional share in connection with the vesting of restricted stock units, as described in Note 3.

5. As of the most recently published account statement, the reporting person beneficially owned this number of whole shares of common stock pursuant to the InterDigital Savings and Protection Plan.

6. The stock option vested in three equal annual installments beginning on March 15, 2015.

Remarks:

	/s/ Amy A. Miraglia, Attorney-in-Fact for Richard J. Brezski	03/16/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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