SEC Form 4 · accession 0001127602-15-023437
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig W Kliethermes
Other
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 3:07 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 | 5,200 | $15.17 | A | 48,039 | D | |
| Common StockF1 | Jul 23, 2015 | F | 3,145 | $55.74 | D | 44,894 | D | |
| Common StockF2 | holding | — | — | — | 9,300 | I | By Esop | |
| Common StockF1 | holding | — | — | — | 15,824 | I | By Executive Deferred Comp |
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,F9 | $15.17 | Jul 23, 2015 | M | 5,200 | D | May 6, 2011 | May 6, 2018 | Common Stock | 5,200 | 0 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment.
- F2Ownership reflects shares allocated to ESOP participant's account 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 adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.
- F8Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
- F9Pursuant 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.