4//SEC Filing
RigNet, Inc. 4
Accession 0001209191-17-022723
CIK 0001162112operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 12:09 PM ET
Size
13.2 KB
Accession
0001209191-17-022723
Insider Transaction Report
Form 4
RigNet, Inc.RNET
Schneider Charles E.
CFO and Vice President
Transactions
- Sale
Common Stock
2017-03-24$19.94/sh−1,712$34,137→ 4,481 total - Sale
Common Stock
2017-03-23$19.70/sh−568$11,190→ 6,193 total
Holdings
- 11,637
Restricted Stock Unit
→ Common Stock (11,637 underlying) - 541
Performance Unit
→ Common Stock (541 underlying) - 19,500
Restricted Stock Unit
→ Common Stock - 12,000
Restricted Stock Unit
→ Common Stock (12,000 underlying)
Footnotes (7)
- [F1]This total includes 4,481 restricted stock units granted to the reporting person on December 8, 2015 and previously reported on Form 4 on December 8, 2015.
- [F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F3]On March 10, 2016, the reporting person was granted 26,000 restricted stock units, of which 1/4th 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 in Table I on this Form 4.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
Documents
Issuer
RigNet, Inc.
CIK 0001162112
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001162112
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 12:09 PM ET
- Size
- 13.2 KB