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Filing Details

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
1506747	Iv Louis Charles Davis	C/O Rignet, Inc. 1880 S. Dairy Ashford, Suite 300 Houston TX 77077		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-01-06	38,287	$11.16	1,530,610	No	4	S	Indirect	(1)(2)

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	(1)(2)

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	8,000	Direct

Footnotes

Mr. Davis is a manager of SMH PEG Management II, LLC, which is the general partner of SMH Private Equity Group II, LP, and a manager of SMH PEG Management I, LLC, which is the general partner of SMH Private Equity Group I, LP, and may vote or sell securities owned by such entities. Mr. Davis disclaims beneficial ownership of any shares of common stock owned by such entities, except to the extent of any pecuniary interest therein.
Includes (i) 10,164 shares of common stock owned by SMH PEG Management II, LLC, (ii) 968,816 shares of common stock owned by SMH Private Equity Group I, LP and (iii) 551,630 shares of common stock owned by SMH Private Equity Group II, LP.
22,109, 15,928 and 250 shares of common stock were sold by SMH Private Equity Group I, LP, SMH Private Equity Group II, L.P. and SMH PEG Management II, LLC, respectively, in a registered underwritten public offering pursuant to an underwriting agreement entered into on December 14, 2010.
Represents public offering price of $12.00 per share of common stock less the underwriter's discount of $0.84 per share of common stock.