0001209191-17-022300.txt : 20170322 0001209191-17-022300.hdr.sgml : 20170322 20170322161813 ACCESSION NUMBER: 0001209191-17-022300 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170321 FILED AS OF DATE: 20170322 DATE AS OF CHANGE: 20170322 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schneider Charles E. CENTRAL INDEX KEY: 0001429403 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35003 FILM NUMBER: 17706864 MAIL ADDRESS: STREET 1: 601 JEFFERSON STREET 2: SUITE 3400 CITY: HOUSTON STATE: TX ZIP: 77002 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-03-21 0 0001162112 RigNet, Inc. RNET 0001429403 Schneider Charles E. C/O RIGNET, INC. 15115 PARK ROW BLVD., SUITE 300 HOUSTON TX 77084 0 1 0 0 CFO and Senior Vice President Common Stock 2017-03-21 4 S 0 4119 20.31 D 6862 D Common Stock 2017-03-22 4 S 0 101 20.25 D 6761 D Restricted Stock Unit Common Stock 19500 D Restricted Stock Unit Common Stock 11637 11637 D Restricted Stock Unit Common Stock 12000 12000 D Performance Unit Common Stock 541 541 D 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. William Sutton pursuant to a Limited Power of Attorney filed with the SEC on December 14, 2015 /s/ William Sutton 2017-03-22