RigNet, Inc. 4

4 · RigNet, Inc. · Filed Mar 16, 2017

Form 4

Period: 2017-03-15

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

Stock Options
Exercise: $22.09Exp: 2025-12-08→ Common Stock (20,850 underlying)
20,850
Common Stock
4,481
Restricted Stock Unit
→ Common Stock (26,000 underlying)
26,000
Restricted Stock Unit
→ Common Stock (12,000 underlying)
12,000

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

1 file