SEC Form 4 · accession 0001127602-15-023438
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Wayne Bryant
Officer — VP, Finance & Controller
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 3:13 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 Stock | Jul 23, 2015 | M | 400 | $10.905 | A | 400 | D | |
| Common Stock | Jul 23, 2015 | M | 1,400 | $10.45 | A | 1,800 | D | |
| Common Stock | Jul 23, 2015 | M | 9,000 | $15.17 | A | 10,800 | D | |
| Common Stock | Jul 23, 2015 | F | 5,282 | $55.74 | D | 5,518 | D | |
| Common StockF1 | holding | — | — | — | 20,842 | I | Employee Stock Ownership Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F3,F4,F5,F6,F7,F8 | $10.905 | Jul 23, 2015 | M | 400 | D | Mar 2, 2010 | Mar 2, 2019 | Common Stock | 400 | 0 | D |
| Stock OptionF2,F3,F4,F5,F6,F7,F8 | $10.45 | Jul 23, 2015 | M | 1,400 | D | May 7, 2010 | May 7, 2017 | Common Stock | 1,400 | 0 | D |
| Stock OptionF2,F3,F4,F5,F6,F7,F8 | $15.17 | Jul 23, 2015 | M | 9,000 | D | May 6, 2011 | May 6, 2018 | Common Stock | 9,000 | 0 | D |
Explanation of responses
- F1Balance reflects annual company contributions and dividend reinvestment.
- F2Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
- F3Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F4Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
- F5Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
- F6Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.
- 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.