SEC Form 4 · accession 0001127602-15-016700
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel O Kennedy
Officer — Vice President General Counsel
Period of report
May 7, 2015
Accepted (ET)
May 8, 2015 · 3:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000084246
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 40,486 | D | ||
| Common StockF2 | holding | — | — | — | 8,673 | I | By Esop | |
| Common StockF3 | holding | — | — | — | 1,235 | I | By Executive Deferred Compensation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $49.61 | May 7, 2015 | A | 13,500 | A | May 7, 2016 | May 7, 2023 | Common Stock | 13,500 | 13,500 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment.
- F2Balance reflects annual company contributions and dividend reinvestment.
- F3Ownership reflects dividend reinvestment
- F4Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.