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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	2012-05-15	3,750	$15.50	60,539	No	4	S	Direct
Common Stock	Disposition	2012-05-15	52,053	$0.00	4,682	No	4	J	Indirect	(1) (2)

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

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 4,682 shares of common stock owned by SMH Private Equity Group II, LP.
On May 15, 2012, the referenced shares were distributed by SMH Private Equity Group I, LP and SMH Private Equity Group II, LP to their respective limited partners, with 53 and 52,000 of such shares being distributed from SMH Private Equity Group I, LP and SMH Private Equity Group II, LP, respectively, to Mr. Davis.
The sale reported in this item was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.