SEC Form 4 · accession 0001127602-15-029487
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director · Other
Period of report
Oct 22, 2015
Accepted (ET)
Oct 23, 2015 · 3:22 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 | Oct 22, 2015 | M | 12,000 | $15.10 | A | 229,768 | D | |
| Common StockF1 | Oct 22, 2015 | M | 9,600 | $15.63 | A | 239,368 | D | |
| Common StockF1 | Oct 22, 2015 | M | 9,600 | $18.14 | A | 248,968 | D | |
| Common StockF1 | Oct 22, 2015 | F | 18,833 | $60.00 | D | 230,135 | D | |
| Common StockF2 | holding | — | — | — | 51,369 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 57,018 | I | By Trust | |
| Common Stock | holding | — | — | — | 6,275 | I | By Wife | |
| Common Stock | holding | — | — | — | 510 | I | By Wife, Custodian UTMA-FL | |
| Common StockF1 | holding | — | — | — | 19,841 | I | M.J. Stone Grantor Retained Annuity Trust (M5) dtd. 10/31/11 | |
| Common StockF1 | holding | — | — | — | 23,357 | I | M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11 | |
| Common Stock | holding | — | — | — | 7,227 | I | M.J. Stone Grantor Retained Annuity Trust (M7) dtd. 01/30/13 | |
| Common Stock | holding | — | — | — | 8,559 | I | M.J. Stone Grantor Retained Annuity Trust (M8) dtd. 01/30/13 | |
| Common Stock | holding | — | — | — | 9,072 | I | M.J. Stone Grantor Retained Annuity Trust (M9) dtd. 01/30/13 |
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 | $15.10 | Oct 22, 2015 | M | 12,000 | D | Aug 2, 2011 | Aug 2, 2018 | Common Stock | 12,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8,F9 | $15.63 | Oct 22, 2015 | M | 9,600 | D | Nov 1, 2011 | Nov 1, 2018 | Common Stock | 9,600 | 2,400 | D |
| Stock OptionF3,F4,F5,F6,F8,F9 | $18.14 | Oct 22, 2015 | M | 9,600 | D | Feb 1, 2012 | Feb 1, 2019 | Common Stock | 9,600 | 2,400 | 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 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.