SEC Form 4 · accession 0001127602-16-051319
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig W Kliethermes
Other
Period of report
May 5, 2016
Accepted (ET)
May 6, 2016 · 11:24 am 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 | May 5, 2016 | M | 7,200 | $17.865 | A | 73,120 | D | |
| Common StockF1 | May 5, 2016 | M | 7,200 | $25.35 | A | 80,320 | D | |
| Common StockF1 | May 5, 2016 | M | 8,000 | $29.42 | A | 88,320 | D | |
| Common StockF1 | May 5, 2016 | F | 14,868 | $64.09 | D | 73,452 | D | |
| Common StockF2 | holding | — | — | — | 10,039 | I | By Esop | |
| Common StockF1 | holding | — | — | — | 17,271 | 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 | $64.09 | May 5, 2016 | A | 30,000 | A | May 5, 2017 | May 5, 2024 | Common Stock | 30,000 | 30,000 | D |
| Stock OptionF4,F5,F6,F7,F8,F9,F3 | $17.865 | May 5, 2016 | M | 7,200 | D | May 5, 2012 | May 5, 2019 | Common Stock | 7,200 | 0 | D |
| Stock OptionF4,F5,F6,F7,F9,F3 | $25.35 | May 5, 2016 | M | 7,200 | D | May 3, 2013 | May 3, 2020 | Common Stock | 7,200 | 7,200 | D |
| Stock OptionF4,F5,F6,F9,F3 | $29.42 | May 5, 2016 | M | 8,000 | D | May 2, 2014 | May 2, 2021 | Common Stock | 8,000 | 16,000 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment.
- F2Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.
- F3Pursuant 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.
- F4Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
- F5Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
- F6Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F7Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
- F8Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
- F9Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.