4//SEC Filing
McDermott Dirk W. 4
Accession 0001181431-10-063362
CIK 0001162112other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:59 PM ET
Size
15.5 KB
Accession
0001181431-10-063362
Insider Transaction Report
Form 4
RigNet, Inc.RNET
McDermott Dirk W.
Other
Transactions
- Conversion
Common Stock
2010-12-20+1,484,535→ 2,621,835 total(indirect: (1)(2)) - Conversion
Series C Preferred Stock
2010-12-20−475,017→ 0 total(indirect: (1)(5))→ Common Stock (672,128 underlying) - Conversion
Series B Preferred Stock
2010-12-20−37,910→ 0 total(indirect: (1)(5))→ Common Stock (62,407 underlying) - Sale
Common Stock
2010-12-20$11.16/sh−383,895$4,284,268→ 2,237,940 total(indirect: (1)) - Conversion
Series A Preferred Stock
2010-12-20−500,000→ 0 total(indirect: (1)(5))→ Common Stock (750,000 underlying)
Footnotes (5)
- [F1]Mr. McDermott is a member of Altira Group, LLC, which is the managing member of Altira Technology Fund III LLC ("Fund III"), which is the sole member of the general partner of Altira Technology Fund IV L.P. ("Fund IV", and together with Fund III, the "Funds") and may vote or sell securities owned by the Funds. Mr. McDermott disclaims beneficial ownership of any shares of Common Stock, Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock owned by the Funds, except to the extent of any pecuniary interest therein.
- [F2]1,137,301 shares of Common Stock are owned directly by Altira Technology Fund IV L.P. and 1,484,535 shares of Common Stock are owned directly by Altira Technology Fund III LLC. Altira Group LLC is an indirect beneficial owner of the reported securities held by Altira Technology Fund IV L.P.
- [F3]193,561 shares of Common Stock were sold by Altira Technology Fund III LLC and 190,334 shares of Common Stock were sold by Altira Technology Fund IV L.P. in a registered underwritten public offering pursuant to an underwriting agreement entered into on December 14, 2010.
- [F4]Represents public offering price of $12.00 per share of common stock less the underwriter's discount of $0.84 per share of common stock.
- [F5]The amount of underlying securities consists of (i) shares of Common Stock issued in connection with the conversion, which occurred immediately prior to the closing of the Issuer's initial public offering on December 20, 2010, of the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock reported in column 5 and (ii) shares of Common Stock issued to pay the major event preference, which occurred immediately prior to the closing of the Issuer's initial public offering on December 20, 2010, for the preferred stock reported in column 5. The conversion and major event preference are more fully described in the prospectus filed by the Issuer pursuant to Rule 424(b) under the Securities Act of 1933 on December 16, 2010. The Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock had no expiration date. The Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock are owned directly by Altira Technology Fund III LLC.
Documents
Issuer
RigNet, Inc.
CIK 0001162112
Entity typeother
Related Parties
1- filerCIK 0001506594
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:59 PM ET
- Size
- 15.5 KB