SEC Form 4 · accession 0001562180-18-002765
RigNet, Inc. · RNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Edward Pickett
Officer — Chief Executive Officer · Director
Period of report
May 31, 2018
Accepted (ET)
Jun 1, 2018 · 4:59 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 31, 2018 | M | 3,929 | $0.00 | A | 39,627 | D | |
| Common StockF1 | May 31, 2018 | F | 1,546 | $11.85 | D | 38,081 | 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,F3 | — | May 31, 2018 | M | 3,929 | D | — | — | Common Stock | 3,929 | 7,859 | D |
| Restricted Stock UnitF2,F4 | — | holding | — | — | — | — | — | Common Stock | 9,303 | 9,303 | D |
| Restricted Stock UnitF2,F5 | — | holding | — | — | — | — | — | Common Stock | 13,557 | 13,557 | D |
Explanation of responses
- F1These shares were withheld solely for the purpose of paying taxes due upon the vesting of shares from restricted stock units that were granted to the Reporting Person.
- F2Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3On May 27, 2016, the reporting person was granted 15,717 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on May 31, 2018. The common stock into which such vested restricted stock units converted on May 31, 2018 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 May 31, 2020.
- F4The reporting person was granted 12,404 restricted stock units on Mar 15, 2017 which were previously reported on Table II on Mar 16, 2017. These restricted stock units fully vest on Mar 19, 2021.
- F5The reporting person was granted 13,557 restricted stock units on Mar 7, 2018 which were previously reported on Table II on Mar 8, 2018. These restricted stock units fully vest on Mar 19, 2022.