Joshua D. Schmidt Form 4 InterDigital / Joshua D. Schmidt 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^*

Schmidt Joshua D.

(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)
CLO & Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2022

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	03/15/2022		A(1)		725.815	A	$0.00	7,359.1049	D
Common Stock	03/15/2022		A(2)		290.0824	A	$0.00	7,649.1873	D
Common Stock	03/15/2022		A(3)		115.3123	A	$0.00	7,764.4996	D
Common Stock	03/15/2022		F(4)		389	D	$62.19	7,375.4996	D
Common Stock	03/15/2022		D(5)		2.2097	D	$62.19	7,373.2899	D
Common Stock	03/15/2022		F(6)		394	D	$62.19	6,979.2899	D
Common Stock	03/15/2022		D(7)		2.3287	D	$62.19	6,976.9612	D
Common Stock	03/15/2022		A(8)		6,272	A	$0.00	13,248.9612	D

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

Explanation of Responses:

1. The transaction reported represents the partial vesting of awards of performance-based restricted stock units granted to the reporting person on March 15, 2019 and January 15, 2020 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2019 cycle performance goal, 93% of the reporting person's target performance-based restricted stock unit awards, or 684 restricted stock units, vested on March 15, 2022, together with 41.815 additional shares representing accrued dividend equivalent units.

2. The transaction reported represents the partial vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2021 and November 15, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement of one Milestone goal, 25% of the reporting person's target Milestone restricted stock unit awards, or 288 restricted stock units, vested on March 15, 2022, together with 2.0824 additional shares representing accrued dividend equivalent units.

3. The transaction reported represents the vesting of an award of performance-based restricted stock units granted to the reporting person on March 16, 2020 pursuant to the company's 2017 Equity Incentive Plan. 100% of the reporting person's target restricted stock unit award, or 111 restricted stock units, vested on March 15, 2022, together with 4.3123 additional shares representing accrued dividend equivalent units.

4. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the transactions described in Note 1, 2 and 3.

5. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Notes 1, 2 and 3.

6. 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 March 15, 2019, January 15, 2020, March 31, 2020 and March 31, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2022, together with accrued dividend equivalents.

7. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 6.

8. Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.

Remarks:

	/s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt	03/17/2022
	** 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).
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