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Filing Details

Accession Number:: 0001209191-17-022723
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-24 12:09:00
Reporting Period:: 2017-03-23

Filing Date:: 2017-03-24
Accepted Time:: 2017-03-24 12:09:00
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
1429403	E. Charles Schneider	C/O Rignet, Inc. 15115 Park Row Blvd., Suite 300 Houston TX 77084	Cfo And Senior Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2017-03-23	568	$19.70	6,193	No	4	S	Direct
Common Stock	Disposition	2017-03-24	1,712	$19.94	4,481	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Unit	$0.00	0	19,500	Direct
Common Stock	Restricted Stock Unit	$0.00	11,637	11,637	Direct
Common Stock	Restricted Stock Unit	$0.00	12,000	12,000	Direct
Common Stock	Performance Unit	$0.00	541	541	Direct

Amount	Remaning Holdings	Nature of Ownership
0	19,500	Direct
11,637	11,637	Direct
12,000	12,000	Direct
541	541	Direct

Footnotes

This total includes 4,481 restricted stock units granted to the reporting person on December 8, 2015 and previously reported on Form 4 on December 8, 2015.
Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
On March 10, 2016, the reporting person was granted 26,000 restricted stock units, of which 1/4th of the shares subject to the restricted stock units vested on March 19, 2017. The common stock into which such vested restricted stock units converted on March 19, 2017 is reported in Table I on this Form 4.
These restricted stock units are scheduled to vest in four equal installments beginning on March 19, 2018 and will be fully vested on March 19, 2021.
These restricted stock units are scheduled to fully vest on March 19, 2019 but may vest earlier upon certain circumstances as defined in the Issuer's Restricted Stock Unit Award Agreement.
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 10, 2016, the reporting person was awarded a target number of performance units ("PUs") which were subject to the achievement of certain pre-established metrics over a one-year performance period which began on January 1, 2016 and ended December 31, 2016. On Mach 15, 2017, the Compensation Committee of the Issuer's Board of Directors certified the performance metrics and determined the number of PUs that were earned by the reporting person.
The PUs become payable on July 1, 2019, but may be settled earlier upon certain circumstances as defined in the Issuer's Performance Unit Award Agreement.