0001562180-19-001998.txt : 20190321
0001562180-19-001998.hdr.sgml : 20190321
20190321160213
ACCESSION NUMBER: 0001562180-19-001998
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190319
FILED AS OF DATE: 20190321
DATE AS OF CHANGE: 20190321
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PICKETT STEVEN EDWARD
CENTRAL INDEX KEY: 0001676167
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35003
FILM NUMBER: 19697030
MAIL ADDRESS:
STREET 1: 1880 S. DAIRY ASHFORD, SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77077
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: RigNet, Inc.
CENTRAL INDEX KEY: 0001162112
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
IRS NUMBER: 760677208
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 15115 PARK ROW BOULEVARD, SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77084
BUSINESS PHONE: 281-674-0100
MAIL ADDRESS:
STREET 1: 15115 PARK ROW BOULEVARD, SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77084
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2019-03-19
false
0001162112
RigNet, Inc.
RNET
0001676167
PICKETT STEVEN EDWARD
C/O RIGNET, INC.
15115 PARK ROW BLVD., STE 300
HOUSTON
TX
77084
true
true
false
false
Chief Executive Officer
Common Stock
2019-03-19
4
M
false
3101.00
0.00
A
31005.00
D
Common Stock
2019-03-19
4
M
false
3389.00
0.00
A
34394.00
D
Common Stock
2019-03-19
4
F
false
2553.00
13.12
D
31841.00
D
Common Stock
2019-03-20
4
A
false
47248.00
0.00
A
79089.00
D
Common Stock
2019-03-20
4
F
false
18640.00
13.12
D
60449.00
D
Restricted Stock Unit
2019-03-19
4
M
false
3389.00
0.00
D
Common Stock
3389.00
13557.00
D
Restricted Stock Unit
2019-03-19
4
M
false
3101.00
0.00
D
Common Stock
3101.00
6202.00
D
Restricted Stock Unit
2019-03-20
4
A
false
16508.00
0.00
A
Common Stock
16508.00
16508.00
D
Performance Unit
2019-03-20
4
A
false
2050.00
0.00
A
Common Stock
2050.00
2050.00
D
Performance Unit
2019-03-20
4
A
false
2.00
0.00
A
Common Stock
2.00
609.00
D
Stock Options
15.06
2019-03-20
4
A
false
6329.00
0.00
A
2029-03-20
Common Stock
6329.00
6329.00
D
Stock Options
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2025-03-07
Common Stock
8391.00
8391.00
D
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 on June 1, 2018.
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.
These options vest in three equal annual installments beginning March 20, 2020 and will be fully vested on March 20, 2022.
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.
These options vest in four equal annual installments beginning March 7, 2019 and will be fully vested on March 7, 2022.
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.
Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
On March 7, 2018, the reporting person was granted 13,557 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.
On March 15, 2017, the reporting person was granted 12,404 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, 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, 2021.
These restricted stock units will vest in three equal annual installments beginning March 20, 2020 and will be fully vested on March 20, 2022.
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.
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.
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 May 27, 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 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.
Shelly Buchman pursuant to a Limited Power of Attorney filed with the SEC on June 8, 2016 /s/ Shelly Buchman
2019-03-20