SEC Form 4 · accession 0001127602-15-023436
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Lynn Brown
Officer — VP, CFO
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 2:59 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 | Jul 23, 2015 | M | 3,000 | $21.25 | A | 14,453 | D | |
| Common StockF1 | Jul 23, 2015 | M | 10,800 | $27.35 | A | 25,253 | D | |
| Common StockF1 | Jul 23, 2015 | F | 9,806 | $55.74 | D | 15,447 | D | |
| Common StockF1 | holding | — | — | — | 6,285 | I | By Executive Deferred Compensation | |
| Common StockF2 | holding | — | — | — | 1,720 | I | Employee Stock Ownership Plan - ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F4,F5,F6,F7,F8 | $21.25 | Jul 23, 2015 | M | 3,000 | D | Oct 3, 2012 | Oct 3, 2019 | Common Stock | 3,000 | 8,000 | D |
| Stock OptionF3,F4,F5,F7,F8 | $27.35 | Jul 23, 2015 | M | 10,800 | D | May 3, 2013 | May 3, 2020 | Common Stock | 10,800 | 25,200 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment
- F2Balance reflects annual company contributions and dividend reinvestment.
- F3Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
- F4Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F5Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
- F6Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
- F7Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
- F8Pursuant 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.