Sec Form 4 Filing - Traupman Edward @ RigNet, Inc. - 2021-04-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Traupman Edward
2. Issuer Name and Ticker or Trading Symbol
RigNet, Inc. [ RNET]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP - Products and Services
(Last) (First) (Middle)
15115 PARK ROW BLVD. STE 300
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2021
(Street)
HOUSTON, TX77084
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/30/2021 D 65,868 D 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 14.55 04/30/2021 D 4,000 ( 2 ) 07/11/2026 Common Stock 4,000 ( 2 ) 0 D
Employee Stock Option (Right to Buy) $ 13.5 04/30/2021 D 2,907 ( 2 ) 03/07/2025 Common Stock 2,907 ( 2 ) 0 D
Employee Stock Option (Right to Buy) $ 15.06 04/30/2021 D 2,193 ( 2 ) 03/20/2026 Common Stock 2,193 ( 2 ) 0 D
Employee Stock Option (Right to Buy) $ 5.77 04/30/2021 D 5,921 ( 2 ) 11/25/2026 Common Stock 5,921 ( 2 ) 0 D
Restricted Stock Unit ( 3 ) 04/30/2021 D 20,119 ( 4 ) ( 4 ) Common Stock 20,119 ( 4 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Traupman Edward
15115 PARK ROW BLVD. STE 300
HOUSTON, TX77084
SVP - Products and Services
Signatures
/s/ Shelly Buchman as attorney in fact for Edward Traupman 05/04/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposed of pursuant to the merger agreement by and among RigNet, Inc., Viasat, Inc. and Royal Acquisition Sub, Inc. in exchange for 0.1845 shares of Viasat common stock for each share of RigNet common stock. The closing price per share of Viasat common stock on April 30, 2021, the effective date of the merger, was $51.79.
( 2 )Each stock option was assumed by Viasat in the merger and replaced with an option to purchase Viasat common stock based on the exchange ratio (with the exercise price with respect to such option being adjusted based on the exchange ratio).
( 3 )Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
( 4 )Each restricted stock unit was assumed by Viasat in the merger and replaced with a Viasat restricted stock unit based on the exchange ratio.

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 4(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).

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