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*
Jimmerson Martin L.
(Last) (First) (Middle)
C/O RIGNET, INC.
1880 S. DAIRY ASHFORD, SUITE 300
(Street)
HOUSTON TX 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)
Chief Financial Officer
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 5,250 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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants (right to buy) (1) 12/31/2015 Common Stock 14,285 $7 D
Common Stock Warrants (right to buy) (2) 12/31/2015 Common Stock 4,741 $0.04 D
Options (right to buy) (3) 01/01/2017 Common Stock 110,375 $7 D
Options (right to buy) (4) 01/01/2018 Common Stock 12,500 $9.64 D
Options (right to buy) (5) 08/19/2019 Common Stock 22,500 $5.32 D
Options (right to buy) (6) 01/01/2020 Common Stock 12,500 $8.48 D
Explanation of Responses:
1. The Common Stock Warrants are exercisable at any time, at the holder's election, until December 31, 2015.
2. The Common Stock Warrants are exercisable at any time, at the holder's election, until December 31, 2015.
3. This option vests in four equal annual installments beginning January 1, 2008 and will be fully vested on January 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 August 19, 2010 and will be fully vested on August 19, 2013.
6. This option vests in four equal annual installments beginning January 1, 2011 and will be fully vested on January 1, 2014.
Remarks:
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.
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