4//SEC Filing
HILBERT JAY T 4
Accession 0001562180-18-001669
CIK 0001162112other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 11:19 AM ET
Size
10.4 KB
Accession
0001562180-18-001669
Insider Transaction Report
Form 4
RigNet, Inc.RNET
HILBERT JAY T
SVP - Sales
Transactions
- Exercise/Conversion
Common Stock
2018-03-19+1,582→ 7,939 total - Award
Performance Unit
2018-03-19+545→ 545 total→ Common Stock (545 underlying) - Exercise/Conversion
Restricted Stock Unit
2018-03-19−1,582→ 4,748 total→ Common Stock (1,582 underlying)
Footnotes (4)
- [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 15, 2017, the reporting person was awarded a target number of performance units ("PUs") which were subject to the achievement of certain pre-established metrics over the one-year performance period which began on January 1, 2017 and ended December 31, 2017. On Mach 19, 2018, 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, 2020, 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]On March 15, 2017, the reporting person was granted 6,330 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on March 19, 2018. The common stock into which such vested restricted stock units converted on March 19, 2018 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, 2021.
Documents
Issuer
RigNet, Inc.
CIK 0001162112
Entity typeother
Related Parties
1- filerCIK 0001261516
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 11:19 AM ET
- Size
- 10.4 KB