4//SEC Filing
Schneider Charles E. 4
Accession 0001562180-17-004044
CIK 0001162112other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 1:55 PM ET
Size
13.5 KB
Accession
0001562180-17-004044
Insider Transaction Report
Form 4
RigNet, Inc.RNET
Schneider Charles E.
CFO and Vice President
Transactions
- Exercise/Conversion
Restricted Stock Unit
2017-12-27−6,667→ 0 total→ Common Stock (6,667 underlying) - Other
Common Stock
2017-12-27−3,361→ 824 total - Exercise/Conversion
Performance Unit
2017-12-27−541→ 0 total→ Common Stock (541 underlying) - Exercise/Conversion
Common Stock
2017-12-27+541→ 1,365 total - Exercise/Conversion
Common Stock
2017-12-27+6,667→ 8,032 total
Footnotes (6)
- [F1]Shares were forfeited due to the reporting person's separation from the issuer.
- [F2]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.
- [F3]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.
- [F4]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F5]The settlement of these restricted stock units has been accelerated on the effective date of the reporting person's separation from the issuer pursuant to the terms of the reporting person's Restricted Stock Unit Award Agreement with the issuer.
- [F6]The reporting person previously reported 5,333 shares which has been forfeited due to reporting person's separation from the issuer.
Documents
Issuer
RigNet, Inc.
CIK 0001162112
Entity typeother
Related Parties
1- filerCIK 0001429403
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 1:55 PM ET
- Size
- 13.5 KB