SEC Form 4 · accession 0001209191-17-021955
RigNet, Inc. · RNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D. Sutton
Officer — Vice President
Period of report
Mar 19, 2017
Accepted (ET)
Mar 21, 2017 · 1:29 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 | Mar 19, 2017 | M | 5,250 | $0.00 | A | 23,556 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F1 | — | Mar 19, 2017 | M | 5,250 | D | — | — | Common Stock | 5,250 | 15,750 | D |
| Restricted Stock UnitF2,F3 | — | holding | — | — | — | — | — | Common Stock | 9,381 | 9,381 | D |
| Restricted Stock UnitF2,F4 | — | holding | — | — | — | — | — | Common Stock | 12,000 | 12,000 | D |
Explanation of responses
- F1On March 10, 2016, the reporting person was granted 12,000 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on March 19, 2017. The common stock into which such vested restricted stock units converted on March 19, 2017 is reported on Table 1 on this Form 4. The remaining unvested restricted stock units will continue to vest in equal annual installments until fully vested on March 19, 2020.
- F2Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3These restricted stock units are scheduled to vest in four equal installments beginning on March 19, 2018 and will be fully vested on March 19, 2021.
- F4These restricted stock units are scheduled to fully vest on March 19, 2019, but may vest earlier upon certain circumstances as defined in the Issuer's Restricted Stock Unit Award Agreement.