Filing Details
- Accession Number:
- 0001181431-10-063213
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-12-22 11:56:21
- Reporting Period:
- 2010-12-20
- Filing Date:
- 2010-12-22
- Accepted Time:
- 2010-12-22 11:56:21
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1162112 | Rignet Inc. | RNET | Communications Services, Nec (4899) | 760677208 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 904778 | A Don Sanders | 600 Travis, Suite 3100 Houston TX 77002 | No | No | Yes | Yes | |
| 1053994 | Smh Capital Inc. | 600 Travis, Suite 5800 Houston TX 77002 | No | No | Yes | Yes | |
| 1071341 | Sanders Morris Harris Group Inc | 600 Travis, Suite 5800 Houston TX 77002 | No | No | Yes | No | |
| 1118194 | Sanders Opportunity Fund Lp | 600 Travis, Suite 3100 Houston TX 77002 | No | No | Yes | Yes | |
| 1118195 | Sanders Opportunity Institutional Lp | 600 Travis, Suite 3100 Houston TX 77002 | No | No | Yes | Yes | |
| 1312540 | P L I Group Equity Private Harris Morris Sanders | 600 Travis, Suite 5800 Houston TX 77002 | No | No | Yes | Yes | |
| 1507215 | Smh Private Equity Group Ii, L.p. | 600 Travis, Suite 5800 Houston TX 77002 | No | No | Yes | Yes | |
| 1507216 | Smh Peg Management, Llc | 600 Travis, Suite 5800 Houston TX 77002 | No | No | Yes | Yes | |
| 1507218 | Smh Peg Management Ii, Llc | 600 Travis, Suite 5800 Houston TX 77002 | No | No | Yes | Yes |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2010-12-20 | 558,705 | $0.00 | 558,705 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 157,995 | $7.00 | 716,700 | No | 4 | X | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 113,927 | $0.04 | 830,627 | No | 4 | X | Direct | |
| Common Stock | Disposition | 2010-12-20 | 104,722 | $11.16 | 725,905 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 167,661 | $11.16 | 167,661 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 968,620 | $1.20 | 1,136,281 | No | 4 | C | Direct | |
| Common Stock | Disposition | 2010-12-20 | 145,356 | $11.16 | 990,925 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 165,643 | $0.00 | 165,643 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 206,278 | $1.20 | 371,921 | No | 4 | C | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 39,799 | $7.00 | 411,720 | No | 4 | X | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 41,380 | $0.04 | 453,100 | No | 4 | X | Direct | |
| Common Stock | Disposition | 2010-12-20 | 57,688 | $11.16 | 395,432 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 48,753 | $0.00 | 48,753 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 60,714 | $1.20 | 109,467 | No | 4 | C | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 11,717 | $7.00 | 121,184 | No | 4 | X | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 12,937 | $0.04 | 134,121 | No | 4 | X | Direct | |
| Common Stock | Disposition | 2010-12-20 | 17,077 | $11.16 | 117,044 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 61,257 | $0.00 | 61,257 | No | 4 | J | Direct | |
| Common Stock | Disposition | 2010-12-20 | 76,284 | $1.20 | 137,541 | No | 4 | C | Direct | |
| Common Stock | Disposition | 2010-12-20 | 14,722 | $7.00 | 152,263 | No | 4 | X | Direct | |
| Common Stock | Disposition | 2010-12-20 | 20,431 | $0.04 | 172,694 | No | 4 | X | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 22,023 | $11.16 | 150,671 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 16,125 | $0.00 | 16,125 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2010-12-20 | 12,057 | $0.00 | 12,057 | No | 4 | J | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Direct | |
| No | 4 | X | Direct | |
| No | 4 | X | Direct | |
| No | 4 | S | Direct | |
| No | 4 | J | Direct | |
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | J | Direct | |
| No | 4 | C | Direct | |
| No | 4 | X | Direct | |
| No | 4 | X | Direct | |
| No | 4 | S | Direct | |
| No | 4 | J | Direct | |
| No | 4 | C | Direct | |
| No | 4 | X | Direct | |
| No | 4 | X | Direct | |
| No | 4 | S | Direct | |
| No | 4 | J | Direct | |
| No | 4 | C | Direct | |
| No | 4 | X | Direct | |
| No | 4 | X | Direct | |
| No | 4 | S | Direct | |
| No | 4 | J | Direct | |
| No | 4 | J | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Series A Preferred Stock | Disposition | 2010-12-20 | 37,500 | $1.20 | 100,000 | $1.20 |
| Common Stock | Series A Preferred Stock | Disposition | 2010-12-20 | 29,845 | $1.20 | 79,590 | $1.20 |
| Common Stock | Series A Preferred Stock | Disposition | 2010-12-20 | 101,403 | $1.20 | 270,410 | $1.20 |
| Common Stock | Series B Preferred Stock | Disposition | 2010-12-20 | 4,288 | $1.20 | 7,582 | $1.20 |
| Common Stock | Series B Preferred Stock | Disposition | 2010-12-20 | 3,412 | $1.20 | 6,034 | $1.20 |
| Common Stock | Series B Preferred Stock | Disposition | 2010-12-20 | 11,598 | $1.20 | 20,502 | $1.20 |
| Common Stock | Series C Preferred Stock | Disposition | 2010-12-20 | 34,392 | $1.20 | 95,005 | $1.20 |
| Common Stock | Series C Preferred Stock | Disposition | 2010-12-20 | 968,618 | $1.20 | 2,667,762 | $1.20 |
| Common Stock | Series C Preferred Stock | Disposition | 2010-12-20 | 17,451 | $1.20 | 75,613 | $1.20 |
| Common Stock | Series C Preferred Stock | Disposition | 2010-12-20 | 93,274 | $1.20 | 256,899 | $1.20 |
| Common Stock | Junior Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 14,481 | $7.00 | 57,924 | $7.00 |
| Comon Stock | Junior Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 11,525 | $7.00 | 46,102 | $7.00 |
| Common Stock | Junior Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 39,146 | $7.00 | 156,587 | $7.00 |
| Common Stock | Junior Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 154,950 | $7.00 | 619,800 | $7.00 |
| Common Stock | Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 241 | $7.00 | 964 | $7.00 |
| Common Stock | Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 192 | $7.00 | 768 | $7.00 |
| Common Stock | Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 652 | $7.00 | 2,610 | $7.00 |
| Common Stock | Warrants to Purchase Stock (Right to Buy) | Disposition | 2010-12-20 | 3,125 | $7.00 | 12,180 | $7.00 |
| Common Stock | Series A & B Warrants (Right to Buy) | Disposition | 2010-12-20 | 20,431 | $7.00 | 81,724 | $0.04 |
| Common Stock | Series A & B Warrants (Right to Buy) | Disposition | 2010-12-20 | 12,937 | $0.04 | 51,751 | $0.04 |
| Common Stock | Series A & B Warrants (Right to Buy) | Disposition | 2010-12-20 | 41,380 | $0.04 | 165,521 | $0.04 |
| Common Stock | Series A & B Warrants (Right to Buy) | Disposition | 2010-12-20 | 113,927 | $0.04 | 455,571 | $0.04 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2004-09-15 | No | 4 | C | Direct | |
| 0 | 2004-09-15 | No | 4 | C | Direct | |
| 0 | 2004-09-15 | No | 4 | C | Direct | |
| 0 | 2005-01-11 | No | 4 | C | Direct | |
| 0 | 2005-01-11 | No | 4 | C | Direct | |
| 0 | 2005-01-11 | No | 4 | C | Direct | |
| 0 | 2005-06-24 | No | 4 | C | Direct | |
| 0 | 2005-06-24 | No | 4 | C | Direct | |
| 0 | 2005-06-24 | No | 4 | C | Direct | |
| 0 | 2005-06-24 | No | 4 | C | Direct | |
| 0 | 2007-04-19 | 2011-12-31 | No | 4 | X | Direct |
| 0 | 2007-04-19 | 2011-12-31 | No | 4 | X | Direct |
| 0 | 2007-04-19 | 2011-12-31 | No | 4 | X | Direct |
| 0 | 2007-04-19 | 2011-12-31 | No | 4 | X | Direct |
| 0 | 2010-06-15 | 2016-09-15 | No | 4 | X | Direct |
| 0 | 2010-06-15 | 2016-09-15 | No | 4 | X | Direct |
| 0 | 2010-06-15 | 2016-09-15 | No | 4 | X | Direct |
| 0 | 2010-06-15 | 2016-09-15 | No | 4 | X | Direct |
| 0 | 2008-12-31 | 2015-12-31 | No | 4 | X | Direct |
| 0 | 2008-12-31 | 2015-12-31 | No | 4 | X | Direct |
| 0 | 2008-12-31 | 2015-12-31 | No | 4 | X | Direct |
| 0 | 2008-12-31 | 2015-12-31 | No | 4 | X | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 0 | Direct | |
| Common Stock | 0 | Direct |
Footnotes
- No expiration date
- These securities are owned directly by SMH Private Equity Group II, L.P. and indirectly by SMH PEG Management II, LLC, the general partner of SMH Private Equity Group II, L.P., Sanders Morris Harris Inc., the controlling member of SMH PEG Management II, LLC, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. SMH PEG Management II, LLC, Sanders Morris Harris Inc., and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by Sanders Morris Harris Private Equity Group I, L.P. (also referred to as SMH Private equity Group I, L.P.) and indirectly by SMH PEG Management I, LLC, the general partner of Sanders Morris Harris Private Equity Group I, L.P., Sanders Morris Harris Inc., the controlling member of SMH PEG Management I, LLC, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. SMH PEG Management I, LLC, Sanders Morris Harris Inc., and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by Sanders Opportunity Fund (Institutional), L.P. and indirectly by SOF Management, LLC, the general partner of Sanders Opportunity Fund (Institutional), L.P., Sanders Morris Harris Inc., the controlling member of SOF Management, LLC, Don A. Sanders, the chief investment officer of SOF Management, LLC, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. SOF Management, LLC, Don A. Sanders, Sanders Morris Harris Inc., and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by Sanders Opportunity Fund, L.P. and indirectly by SOF Management, LLC, the general partner of Sanders Opportunity Fund, L.P., Sanders Morris Harris Inc., the controlling member of SOF Management, LLC, Don A. Sanders, the chief investment officer of SOF Management, LLC, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc., SOF Management, LLC, Don A. Sanders, Sanders Morris Harris Inc., and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by Don A. Sanders and indirectly by Sanders Morris Harris Inc., Mr. Sanders employer, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. Sanders Morris Harris Inc. and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by Sanders Morris Harris Inc. and indirectly by Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by SMH PEG Management II, LLC and indirectly by Sanders Morris Harris Inc., the controlling member of SMH PEG anagement II, LLC, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. Sanders Morris Harris Inc. and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These securities are owned directly by SMH PEG Management, LLC and indirectly by Sanders Morris Harris Inc., the controlling member of SMH PEG Management, LLC, and Sanders Morris Harris Group Inc., the parent of Sanders Morris Harris Inc. Sanders Morris Harris Inc. and Sanders Morris Harris Group Inc. disclaim beneficial owernship of the reported securities except to the extent of their pecuniary interest therein.
- These shares are owned by Sanders Morris Harris Group Inc.
- In the event of an initial public offering of common stock of the issuer, the holders of Series A, B, and C preferred stock are entitled to receive additional shares equal to the amount per share originally paid to the issuer for such shares plus any accrued and unpaid dividends divided by the initial offering price.
- One for four reverse stock split
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