SEC Form 4 · accession 0001209191-16-123950
RigNet, Inc. · RNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin L. Jimmerson
Officer — Interim CEO and President
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 3:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001162112
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 25, 2016 | M | 934 | $9.64 | A | 39,674 | D | |
| Common Stock | May 25, 2016 | M | 9,375 | $8.48 | A | 49,049 | D | |
| Common Stock | May 25, 2016 | S | 10,309 | $12.87 | D | 38,740 | D | |
| Common Stock | May 26, 2016 | M | 2,191 | $9.64 | A | 40,931 | D | |
| Common Stock | May 26, 2016 | M | 16,183 | $7.00 | A | 57,114 | D | |
| Common Stock | May 26, 2016 | S | 18,374 | $12.44 | D | 38,740 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F1 | $9.64 | May 25, 2016 | M | 934 | D | — | Jan 1, 2018 | Common Stock | 934 | 124,158 | D |
| Options (right to buy)F2 | $8.48 | May 25, 2016 | M | 9,375 | D | — | Jan 1, 2020 | Common Stock | 9,375 | 114,783 | D |
| Options (right to buy)F1 | $9.64 | May 26, 2016 | M | 2,191 | D | — | Jan 1, 2018 | Common Stock | 2,191 | 112,592 | D |
| Options (right to buy)F3 | $7.00 | May 26, 2016 | M | 16,183 | D | — | Jan 1, 2017 | Common Stock | 16,183 | 96,409 | D |
| Restricted Stock UnitF4,F5 | — | holding | — | — | — | — | — | Common Stock | 24,430 | 24,430 | D |
Explanation of responses
- F1This option vested in four equal annual installments beginning January 1, 2009 and was fully vested on January 1, 2012.
- F2This option vested in four equal annual installments beginning January 1, 2011 and was fully vested on January 1, 2014.
- F3This option vests in four equal annual installments beginning January 1, 2008 and was fully vested on January 1, 2011
- F4Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F5These restricted stock units will fully vest on May 15, 2017.