4//SEC Filing
HILBERT JAY T 4
Accession 0001562180-19-001996
CIK 0001162112other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 4:02 PM ET
Size
25.2 KB
Accession
0001562180-19-001996
Insider Transaction Report
Form 4
RigNet, Inc.RNET
HILBERT JAY T
SVP - Sales
Transactions
- Exercise/Conversion
Common Stock
2019-03-19+1,582→ 9,586 total - Exercise/Conversion
Common Stock
2019-03-19+1,729→ 11,315 total - Tax Payment
Common Stock
2019-03-19$13.12/sh−775$10,168→ 10,540 total - Award
Common Stock
2019-03-20+6,124→ 16,664 total - Tax Payment
Common Stock
2019-03-20$13.12/sh−1,813$23,787→ 14,851 total - Exercise/Conversion
Restricted Stock Unit
2019-03-19−1,582→ 3,166 total→ Common Stock (1,582 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-19−1,729→ 5,189 total→ Common Stock (1,729 underlying) - Award
Restricted Stock Unit
2019-03-20+8,424→ 8,424 total→ Common Stock (8,424 underlying) - Award
Performance Unit
2019-03-20+1,046→ 1,046 total→ Common Stock (1,046 underlying) - Award
Stock Options
2019-03-20+3,230→ 3,230 totalExercise: $15.06Exp: 2025-03-07→ Common Stock (3,230 underlying)
Holdings
- 4,282
Stock Options
Exercise: $13.50Exp: 2025-03-07→ Common Stock (4,282 underlying)
Footnotes (9)
- [F1]These shares were withheld solely for the purpose of paying taxes due upon the vesting of shares from restricted stock units that were granted to the Reporting Person.
- [F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F3]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.
- [F4]On March 7, 2018, the reporting person was granted 6,918 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on March 19, 2019. The common stock into which such vested restricted stock units converted on March 19, 2019 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, 2022.
- [F5]These restricted stock units will vest in three equal annual installments beginning March 20, 2020 and will be fully vested on March 20, 2022.
- [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 7, 2018, 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, 2018 and ended December 31, 2018. On Mach 20, 2019, 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, 2021, but may be settled earlier upon certain circumstances as defined in the Issuer's Performance Unit Award Agreement.
- [F8]These options vest in three equal annual installments beginning March 20, 2020 and will be fully vested on March 20, 2022.
- [F9]The grant price on this Stock Option Award was incorrectly reported on the reporting person's original Form 4 filed with the SEC on March 8, 2018.
Documents
Issuer
RigNet, Inc.
CIK 0001162112
Entity typeother
Related Parties
1- filerCIK 0001261516
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 4:02 PM ET
- Size
- 25.2 KB