4//SEC Filing
RigNet, Inc. 4
Accession 0001209191-17-021193
CIK 0001162112operating
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 6:30 PM ET
Size
13.4 KB
Accession
0001209191-17-021193
Insider Transaction Report
Form 4
RigNet, Inc.RNET
Schneider Charles E.
CFO and Vice President
Transactions
- Award
Performance Unit
2017-03-15+541→ 541 total→ Common Stock (541 underlying) - Award
Restricted Stock Unit
2017-03-15+11,637→ 11,637 total→ Common Stock (11,637 underlying)
Holdings
- 20,850
Stock Options
Exercise: $22.09Exp: 2025-12-08→ Common Stock (20,850 underlying) - 4,481
Common Stock
- 26,000
Restricted Stock Unit
→ Common Stock (26,000 underlying) - 12,000
Restricted Stock Unit
→ Common Stock (12,000 underlying)
Footnotes (7)
- [F1]Each performance unit represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2010 Omnibus Incentive Plan, as amended. On March 10, 2016, the reporting person was awarded a target number of performance units ("PUs") which were subject to the achievement of certain pre-established metrics over a one-year performance period which began on January 1, 2016 and ended December 31, 2016. On Mach 15, 2017, the Compensation Committee of the Issuer's Board of Directors certified the performance metrics and determined the number of PUs that were earned by the reporting person.
- [F2]The PUs become payable on July 1, 2019, but may be settled earlier upon certain circumstances as defined in the Issuer's Performance Unit Award Agreement.
- [F3]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F4]These restricted stock units will vest in four equal annual installments beginning March 19, 2018 and will be fully vested on March 19, 2021.
- [F5]These restricted stock units are scheduled to vest in four equal installments beginning on March 19, 2017 and will be fully vested on March 19, 2020.
- [F6]These restricted stock units will fully vest on March 19, 2019.
- [F7]These options vest in four equal annual installments beginning May 15, 2017 and will be fully vested on May 15, 2020.
Documents
Issuer
RigNet, Inc.
CIK 0001162112
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001162112
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 6:30 PM ET
- Size
- 13.4 KB