SEC Form 4 · accession 0001209191-16-123967
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 27, 2016
Accepted (ET)
May 27, 2016 · 3:58 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 27, 2016 | M | 29,192 | $7.00 | A | 67,932 | D | |
| Common Stock | May 27, 2016 | S | 29,192 | $12.51 | 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 | $7.00 | May 27, 2016 | M | 29,192 | D | — | Jan 1, 2017 | Common Stock | 29,192 | 67,217 | D |
| Restricted Stock UnitF2,F3 | — | holding | — | — | — | — | — | Common Stock | 24,430 | 24,430 | D |
Explanation of responses
- F1This option vests in four equal annual installments beginning January 1, 2008 and was fully vested on January 1, 2011
- F2Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3These restricted stock units will fully vest on May 15, 2017.