McDermott Tonya Maumus 4
4 · RigNet, Inc. · Filed Mar 20, 2018
Insider Transaction Report
Form 4
RigNet, Inc.RNET
McDermott Tonya Maumus
Interim CFO
Transactions
- Exercise/Conversion
Common Stock
2018-03-19+3,380→ 21,291 total - Exercise/Conversion
Restricted Stock Unit
2018-03-19−805→ 2,418 total→ Common Stock (805 underlying) - Award
Performance Unit
2018-03-19+277→ 277 total→ Common Stock (277 underlying) - Exercise/Conversion
Restricted Stock Unit
2018-03-19−2,575→ 5,150 total→ Common Stock (2,575 underlying)
Footnotes (5)
- [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 3,223 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.
- [F5]On March 10, 2016, the reporting person was granted 10,300 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on March 19, 2017 and another 1/4 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, 2020.