Barnett James Arden Jr 4
4 · RigNet, Inc. · Filed Mar 26, 2021
Insider Transaction Report
Form 4
RigNet, Inc.RNET
Barnett James Arden Jr
SVP of Government Services
Transactions
- Exercise/Conversion
Common Stock
2021-03-20+1,223→ 16,366 total - Exercise/Conversion
Restricted Stock Unit
2021-03-20−1,223→ 18,350 total→ Common Stock (1,223 underlying) - Tax Payment
Common Stock
2021-03-20$9.53/sh−424$4,041→ 15,942 total
Footnotes (4)
- [F1]The amount of securities beneficially owned by the reporting person was incorrectly reported on the reporting person's original form 4 filed with the Securities and Exchange Commission November 30, 2020.
- [F2]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.
- [F3]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F4]On March 20, 2019, the reporting person was granted 3,671 restricted stock units, of which 1/3 of the shares subject to the restricted stock units vested on March 20, 2020. The common stock into which such vested restricted stock units converted on March 20, 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 March 20, 2022.