SEC Form 4 · accession 0001127602-15-029761
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
Oct 28, 2015
Accepted (ET)
Oct 29, 2015 · 12:53 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 28, 2015 | M | 3,900 | $10.45 | A | 559,326 | D | |
| Common StockF1 | Oct 28, 2015 | M | 7,800 | $12.245 | A | 567,126 | D | |
| Common StockF1 | Oct 28, 2015 | M | 7,800 | $11.95 | A | 574,926 | D | |
| Common StockF1 | Oct 28, 2015 | M | 19,500 | $12.81 | A | 594,426 | D | |
| Common StockF1 | Oct 28, 2015 | M | 17,000 | $15.17 | A | 611,426 | D | |
| Common StockF1 | Oct 28, 2015 | M | 17,000 | $15.10 | A | 628,426 | D | |
| Common StockF1 | Oct 28, 2015 | F | 42,029 | $62.26 | D | 586,397 | D | |
| Common StockF2 | holding | — | — | — | 213,091 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 115,220 | I | By Key Employee Benefit Plan | |
| Common StockF1 | holding | — | — | — | 46,500 | I | By Trust | |
| Common Stock | holding | — | — | — | 20,921 | I | J.E. Michael 2014 GRAT 1 dtd 08/05/14 | |
| Common Stock | holding | — | — | — | 22,714 | I | J.E. Michael 2014 GRAT 2 dtd 08/05/14 |
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 | $10.45 | Oct 28, 2015 | M | 3,900 | D | May 7, 2010 | May 7, 2017 | Common Stock | 3,900 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8,F9 | $12.245 | Oct 28, 2015 | M | 7,800 | D | Aug 3, 2010 | Aug 3, 2017 | Common Stock | 7,800 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8,F9 | $11.95 | Oct 28, 2015 | M | 7,800 | D | Nov 2, 2010 | Nov 2, 2017 | Common Stock | 7,800 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8,F9 | $12.81 | Oct 28, 2015 | M | 19,500 | D | Feb 1, 2011 | Feb 1, 2018 | Common Stock | 19,500 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8,F9 | $15.17 | Oct 28, 2015 | M | 17,000 | D | May 6, 2011 | May 6, 2018 | Common Stock | 17,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8,F9 | $15.10 | Oct 28, 2015 | M | 17,000 | D | Aug 2, 2011 | Aug 2, 2018 | Common Stock | 17,000 | 0 | 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.