SEC Form 4 · accession 0001127602-15-023441
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan E Michael
Officer — President · Director
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 3:42 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 | 21,000 | $15.335 | A | 527,959 | D | |
| Common StockF1 | Jul 23, 2015 | M | 21,000 | $15.015 | A | 548,959 | D | |
| Common StockF1 | Jul 23, 2015 | M | 21,000 | $14.705 | A | 569,959 | D | |
| Common StockF1 | Jul 23, 2015 | M | 21,000 | $14.18 | A | 590,959 | D | |
| Common StockF1 | Jul 23, 2015 | M | 21,000 | $15.365 | A | 611,959 | D | |
| Common StockF1 | Jul 23, 2015 | M | 21,000 | $15.445 | A | 632,959 | D | |
| Common StockF1 | Jul 23, 2015 | F | 76,003 | $55.74 | D | 556,956 | D | |
| Common StockF1 | Jul 24, 2015 | J | 3,629 | $55.70 | D | 4,677 | I | J.E. Michael 2012 Grantor Retained Annuity Trust Dtd 07/24/12 |
| Common StockF1 | Jul 24, 2015 | J | 3,629 | $55.70 | A | 560,585 | D | |
| Common StockF3 | holding | — | — | — | 212,364 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 114,826 | I | By Key Employee Benefit Plan | |
| Common StockF1 | holding | — | — | — | 46,341 | I | By Trust | |
| Common Stock | holding | — | — | — | 23,437 | I | J.E. Michael 2014 GRAT 1 dtd 08/06/14 | |
| Common Stock | holding | — | — | — | 23,437 | I | J.E. Michael 2014 GRAT 2 dtd 08/06/14 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4,F5,F6,F7,F8,F9,F10 | $15.335 | Jul 23, 2015 | M | 21,000 | D | Aug 3, 2008 | Aug 3, 2017 | Common Stock | 21,000 | 0 | D |
| Stock OptionF4,F5,F6,F7,F8,F9,F10 | $15.015 | Jul 23, 2015 | M | 21,000 | D | Nov 2, 2008 | Nov 2, 2017 | Common Stock | 21,000 | 0 | D |
| Stock OptionF4,F5,F6,F7,F8,F9,F10 | $14.705 | Jul 23, 2015 | M | 21,000 | D | Feb 1, 2009 | Feb 1, 2018 | Common Stock | 21,000 | 0 | D |
| Stock OptionF4,F5,F6,F7,F8,F9,F10 | $14.18 | Jul 23, 2015 | M | 21,000 | D | Aug 1, 2009 | Aug 1, 2018 | Common Stock | 21,000 | 0 | D |
| Stock OptionF4,F5,F6,F7,F8,F9,F10 | $15.365 | Jul 23, 2015 | M | 21,000 | D | Nov 3, 2009 | Nov 3, 2018 | Common Stock | 21,000 | 0 | D |
| Stock OptionF4,F5,F6,F7,F8,F9,F10 | $15.445 | Jul 23, 2015 | M | 21,000 | D | Feb 2, 2010 | Feb 2, 2019 | Common Stock | 21,000 | 0 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment
- F10Pursuant 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.
- F2Shares transferred from the J.E. Michael 2012 Grantor Retained Annuity Trust dtd. 07/24/12 to J.E. Michael.
- F3Balance reflects annual company contributions and dividend reinvestment.
- F4Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
- F5Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F6Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
- F7Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
- F8Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.
- F9Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.