Ownership Submission
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, 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Davis Charles Louis IV
 2. Date of Event Requiring Statement (Month/Day/Year)
12/14/2010		 3. Issuer Name and Ticker or Trading Symbol
RigNet, Inc. [RNET]
(Last)
(First)
(Middle)
C/O RIGNET, INC., 1880 S. DAIRY ASHFORD, SUITE 300		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77077		 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 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 8,000
D
 
Common Stock 738,424
I
See Footnote (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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)   (3) 09/15/2016 Common Stock 3,045 $ 7 I By: SMH Private Equity Group II, LP (1)
Common Stock Warrants (right to buy)   (4) 12/31/2011 Common Stock 154,950 $ 7 I By: SMH Private Equity Group II, LP (1)
Common Stock Warrants (right to buy)   (5) 12/31/2015 Common Stock 113,927 $ 0.04 I By: SMH Private Equity Group II, LP (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Davis Charles Louis IV
C/O RIGNET, INC.
1880 S. DAIRY ASHFORD, SUITE 300
HOUSTON, TX 77077		   X      

Signatures

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

Explanation of Responses:

* 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).
(1) 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 and Common Stock Warrants owned by such entities, except to the extent of any pecuniary interest therein.
(2) Includes (i) 12,057 shares of common stock owned by SMH PEG Management II, LLC, (ii) 167,662 shares of common stock owned by SMH Private Equity Group I, LP and (iii) 558,705 shares of common stock owned by SMH Private Equity Group II, LP.
(3) The Common Stock Warrants are exercisable at any time, at the holder's election, until September 15, 2016.
(4) The Common Stock Warrants are exercisable at any time, at the holder's election, until December 31, 2011.
(5) The Common Stock Warrants are exercisable at any time, at the holder's election, until December 31, 2015.
 
Remarks:
Exhibit List Exhibit 24-Limited Power of Attorney for Section 16(a) Reporting

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