X0306 4 2019-03-19 false 0001162112 RigNet, Inc. RNET 0001118950 EASTMAN BRAD 15115 PARK ROW BLVD., SUITE 300 HOUSTON TX 77084 false true false false Senior VP & General Counsel Common Stock 2019-03-19 4 M false 2096.00 0.00 A 5464.00 D Common Stock 2019-03-19 4 F false 496.00 13.12 D 4968.00 D Common Stock 2019-03-20 4 A false 13594.00 0.00 A 18562.00 D Common Stock 2019-03-20 4 F false 3550.00 13.12 D 15012.00 D Restricted Stock Unit 2019-03-19 4 M false 2096.00 0.00 D Common Stock 2096.00 6290.00 D Restricted Stock Unit 2019-03-20 4 A false 10011.00 0.00 A Common Stock 10011.00 10011.00 D Performance Unit 2019-03-20 4 A false 1268.00 0.00 A Common Stock 1268.00 1268.00 D Stock Options 15.06 2019-03-20 4 A false 3838.00 0.00 A 2029-03-20 Common Stock 3838.00 3838.00 D Stock Options 13.50 2025-03-07 Common Stock 5190.00 5190.00 D 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 1,048 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. 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. 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. Shelly Buchman pursuant to a Limited Power of Attorney filed with the SEC on November 20, 2017 /s/ Shelly Buchman 2019-03-20