Sec Form 4 Filing - Ahlstrom Lee Michael @ RigNet, Inc. - 2019-03-20

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
Ahlstrom Lee Michael
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)
Senior Vice President & CFO
(Last) (First) (Middle)
C/O RIGNET, INC., 15115 PARK ROW BLVD., SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
03/20/2019
(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 03/20/2019 A 11,301 A $ 0 11,301 D
Common Stock 03/20/2019 F 4,662 ( 1 ) D $ 13.12 6,639 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
Restricted Stock Unit ( 2 ) 03/20/20 19 A 11,680 ( 3 ) ( 3 ) Common Stock 11,680 $ 0 11,680 D
Stock Options $ 15.06 03/20/2019 A 4,478 ( 4 ) 03/20/2029 Common Stock 4,478 $ 0 4,478 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ahlstrom Lee Michael
C/O RIGNET, INC.
15115 PARK ROW BLVD., SUITE 300
HOUSTON, TX77084
Senior Vice President & CFO
Signatures
Shelly Buchman pursuant to a Limited Power of Attorney filed with the SEC on January 9th, 2019 /s/ Shelly Buchman 03/20/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
( 3 )These restricted stock units will vest in three equal annual installments beginning March 20, 2020 and will be fully vested on March 20, 2022.
( 4 )These options vest in three equal annual installments beginning March 20, 2020 and will be fully vested on March 20, 2022.

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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