Where is Microsoft.Sharepoint.IdentityModel.dll
These answers are correct if you're using SharePoint 2010.
If you need to find the DLL for SharePoint 2013, you'll need to reference it from this location:
C:\Windows\Microsoft.NET\assembly\GAC_MSIL\Microsoft.SharePoint.IdentityModel\v4.0_15.0.0.0__71e9bce111e9429c\Microsoft.SharePoint.IdentityModel.dll
Note that under .NET 4.0, the location of the GAC has changed.
start Command Prompt
write "cd :\Windows\assembly\GAC_MSIL\Microsoft.SharePoint.IdentityModel\14.0.0.0__71e9bce111e9429c\"
write "copy Microsoft.SharePoint.IdentityModel.dll c:\"
now you can access the dll freely (e.g. copy to TFS, open with reflector or any other action)
Another option is to write "subst i: %windir%\assembly\gac_msil" in Command Prompt, that way you can browse the GAC_MSIL (where Microsoft.SharePoint.IdentityModel is located) via Windows Explorer.
for SharePoint 2013 C:\Windows\Microsoft.NET\assembly\GAC_MSIL\Microsoft.SharePoint.IdentityModel\v4.0_15.0.0.0__71e9bce111e9429c