SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Eliassen Lars P. L.

(Last)

(First)

(Middle)

C/O RIGNET, INC.

1880 S. DAIRY ASHFORD, SUITE 300

(Street)

HOUSTON

77077

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/14/2010

3. Issuer Name and Ticker or Trading Symbol
RigNet, Inc. [ RNET ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See General Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,250	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options (right to buy)	⁽¹⁾	11/01/2014	Common Stock	10,000	$2.4	D
Options (right to buy)	⁽²⁾	03/01/2016	Common Stock	12,500	$4	D
Options (right to buy)	⁽³⁾	05/01/2017	Common Stock	6,250	$8.32	D
Options (right to buy)	⁽⁴⁾	01/01/2018	Common Stock	6,250	$9.64	D
Options (right to buy)	⁽⁵⁾	01/01/2019	Common Stock	6,250	$5.32	D
Options (right to buy)	⁽⁶⁾	01/01/2020	Common Stock	6,250	$8.48	D

Explanation of Responses:

1. These options are fully vested and exercisable.

2. These options are fully vested and exercisable.

3. This option vests in four equal annual installments beginning May 1, 2008 and will be fully vested on May 1, 2011.

4. This option vests in four equal annual installments beginning January 1, 2009 and will be fully vested on January 1, 2012.

5. This option vests in four equal annual installments beginning January 1, 2010 and will be fully vested on January 1, 2013.

6. This option vests in four equal annual installments beginning January 1, 2011 and will be fully vested on January 1, 2014.

Remarks:

Vice President & General Manager, Europe, Middle East and Africa Exhibit List --------------- Exhibit 24-Limited Power of Attorney for Section 16(a) Reporting

	William Sutton pursuant to a Limited Power of Attorney filed with the SEC on December 14, 2010. /s/ William Sutton	12/14/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.