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4//SEC Filing

ALTIRA TECHNOLOGY FUND III LLC 4

Accession 0001181431-10-063364

CIK 0001162112other
View on SEC.govCompany Profile

Filed

Dec 21, 7:00 PM ET

Accepted

Dec 22, 5:00 PM ET

Size

20.2 KB

Accession

0001181431-10-063364

Insider Transaction Report

Form 4
Period: 2010-12-20
RigNet, Inc.RNET
Altira Management IV LLC
10% Owner
Transactions
  • Conversion

    Series C Preferred Stock

    2010-12-20−475,017→ 0 total(indirect: (1)(5)(6))
    → Common Stock (672,128 underlying)
  • Conversion

    Series B Preferred Stock

    2010-12-20−37,910→ 0 total(indirect: (1)(5)(6))
    → Common Stock (62,407 underlying)
  • Conversion

    Common Stock

    2010-12-20+1,484,535→ 2,621,835 total(indirect: (1)(2))
  • 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)(6))
    → Common Stock (750,000 underlying)
ALTIRA TECHNOLOGY FUND IV L P
10% Owner
Transactions
  • 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)(6))
    → Common Stock (750,000 underlying)
  • Conversion

    Series C Preferred Stock

    2010-12-20−475,017→ 0 total(indirect: (1)(5)(6))
    → Common Stock (672,128 underlying)
  • Conversion

    Common Stock

    2010-12-20+1,484,535→ 2,621,835 total(indirect: (1)(2))
  • Conversion

    Series B Preferred Stock

    2010-12-20−37,910→ 0 total(indirect: (1)(5)(6))
    → Common Stock (62,407 underlying)
ALTIRA TECHNOLOGY FUND III LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2010-12-20+1,484,535→ 2,621,835 total(indirect: (1)(2))
  • Sale

    Common Stock

    2010-12-20$11.16/sh−383,895$4,284,268→ 2,237,940 total(indirect: (1))
  • Conversion

    Series B Preferred Stock

    2010-12-20−37,910→ 0 total(indirect: (1)(5)(6))
    → Common Stock (62,407 underlying)
  • Conversion

    Series A Preferred Stock

    2010-12-20−500,000→ 0 total(indirect: (1)(5)(6))
    → Common Stock (750,000 underlying)
  • Conversion

    Series C Preferred Stock

    2010-12-20−475,017→ 0 total(indirect: (1)(5)(6))
    → Common Stock (672,128 underlying)
Altira Group LLC
10% Owner
Transactions
  • Conversion

    Series C Preferred Stock

    2010-12-20−475,017→ 0 total(indirect: (1)(5)(6))
    → Common Stock (672,128 underlying)
  • Conversion

    Common Stock

    2010-12-20+1,484,535→ 2,621,835 total(indirect: (1)(2))
  • 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)(6))
    → Common Stock (750,000 underlying)
  • Conversion

    Series B Preferred Stock

    2010-12-20−37,910→ 0 total(indirect: (1)(5)(6))
    → Common Stock (62,407 underlying)
Footnotes (6)
  • [F1]Altira Group LLC is the managing member of Altira Technology Fund III LLC and the managing member and sole member of Altira Management IV LLC, which is the general partner of Altira Technology Fund IV L.P.
  • [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. Altira Group LLC and Altira Management IV LLC are indirect beneficial owners of the reported securities held by Altira Technology Fund IV L.P.
  • [F3]These shares of the Issuer's Common Stock were sold by the reporting persons in a registered underwritten public offering pursuant to an underwriting agreement entered into on December 14, 2010. 193,561 of such shares were sold by Altira Technology Fund III LLC and 190,334 of such shares were sold by Altira Technology Fund IV L.P.
  • [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.
  • [F6]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. Altira Group LLC is a indirect beneficial owner of the reported securities.

Documents

1 file

Issuer

RigNet, Inc.

CIK 0001162112

→
Entity typeother

Related Parties

1
  • filerCIK 0001133786

Filing Metadata

Form type
4
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 5:00 PM ET
Size
20.2 KB
View on SEC.gov