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Filing Details

Accession Number:: 0001181431-13-017517
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-03-18 17:36:23
Reporting Period:: 2013-03-14

Filing Date:: 2013-03-18
Accepted Time:: 2013-03-18 17:36:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1162112	Rignet Inc.	RNET	Communications Services, Nec (4899)	760677208

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1507729	Altira Group Llc	1675 Broadway, Suite 2400 Denver CO 80202		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2013-03-14	25,000	$23.00	2,098,090	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2013-03-15	18,548	$23.01	2,079,542	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Footnotes

These shares of the Issuer's Common Stock were sold by the reporting persons to third parties in open market transactions. 12,500 of such shares were sold by Altira Technology Fund III LLC and 12,500 of such shares were sold by Altira Technology Fund IV L.P.
Altira Group LLC is the managing member of Altira Technology Fund III LLC and the managing member and sole member of Altira Management IV LLC, which is the general partner of Altira Technology Fund IV L.P.
877,291 shares of Common Stock are owned directly by Altira Technology Fund IV L.P. and 1,220,799 shares of Common Stock are owned directly by Altira Technology Fund III LLC. Altira Group LLC is an indirect beneficial owner of the reported securities held by Altira Technology Fund III LLC. Altira Group LLC and Altira Management IV LLC are indirect beneficial owners of the reported securities held by Altira Technology Fund IV L.P.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.02, inclusive. The reporting persons undertake to provide to RigNet, Inc., any security holder of RigNet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) and (6) to this Form 4.
These shares of the Issuer's Common Stock were sold by the reporting persons to third parties in open market transactions. 9,274 of such shares were sold by Altira Technology Fund III LLC and 9,274 of such shares were sold by Altira Technology Fund IV L.P.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.07, inclusive.
868,017 shares of Common Stock are owned directly by Altira Technology Fund IV L.P. and 1,211,525 shares of Common Stock are owned directly by Altira Technology Fund III LLC. Altira Group LLC is an indirect beneficial owner of the reported securities held by Altira Technology Fund III LLC. Altira Group LLC and Altira Management IV LLC are indirect beneficial owners of the reported securities held by Altira Technology Fund IV L.P.