Ahlstrom Lee Michael 4
4 · RigNet, Inc. · Filed May 8, 2020
Insider Transaction Report
Form 4
RigNet, Inc.RNET
Ahlstrom Lee Michael
Senior Vice President & CFO
Transactions
- Exercise/Conversion
Common Stock
2020-05-07+2,577→ 48,217 total - Exercise/Conversion
Restricted Stock Unit
2020-05-07−2,577→ 0 total→ Common Stock (2,577 underlying) - Tax Payment
Common Stock
2020-05-07$1.16/sh−1,015$1,177→ 47,202 total
Footnotes (3)
- [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 May 7, 2019, the reporting person was granted 10,309 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on May 7, 2020. The common stock into which such vested restricted stock units converted on May 7, 2020 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 May 7, 2023.