RigNet, Inc. 4
4 · RigNet, Inc. · Filed Mar 21, 2017
Insider Transaction Report
Form 4
RigNet, Inc.RNET
Sutton William D.
V. P. & General Counsel
Transactions
- Exercise/Conversion
Restricted Stock Unit
2017-03-19−5,250→ 15,750 total→ Common Stock (5,250 underlying) - Exercise/Conversion
Common Stock
2017-03-19+5,250→ 23,556 total
Holdings
- 9,381
Restricted Stock Unit
→ Common Stock (9,381 underlying) - 12,000
Restricted Stock Unit
→ Common Stock (12,000 underlying)
Footnotes (4)
- [F1]On March 10, 2016, the reporting person was granted 12,000 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on March 19, 2017. The common stock into which such vested restricted stock units converted on March 19, 2017 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 March 19, 2020.
- [F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F3]These restricted stock units are scheduled to vest in four equal installments beginning on March 19, 2018 and will be fully vested on March 19, 2021.
- [F4]These restricted stock units are scheduled to fully vest on March 19, 2019, but may vest earlier upon certain circumstances as defined in the Issuer's Restricted Stock Unit Award Agreement.