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 13.50 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