SEC Form 4 · accession 0001127602-16-055382
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
Jun 10, 2016
Accepted (ET)
Jun 13, 2016 · 12:30 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 | Jun 10, 2016 | M | 2,400 | $17.865 | A | 12,532 | D | |
| Common Stock | Jun 10, 2016 | M | 2,400 | $25.35 | A | 14,932 | D | |
| Common Stock | Jun 10, 2016 | F | 3,033 | $67.12 | D | 11,899 | D | |
| Common Stock | Jun 10, 2016 | M | 9,600 | $29.42 | A | 21,499 | D | |
| Common Stock | Jun 10, 2016 | S | 9,600 | $66.945 | D | 11,899 | D | |
| Common StockF1 | holding | — | — | — | 22,071 | 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 | $17.865 | Jun 10, 2016 | M | 2,400 | D | May 5, 2012 | May 5, 2019 | Common Stock | 2,400 | 0 | D |
| Stock OptionF2,F3,F4,F5,F7,F8 | $25.35 | Jun 10, 2016 | M | 2,400 | D | May 3, 2013 | May 3, 2020 | Common Stock | 2,400 | 2,400 | D |
| Stock OptionF2,F3,F4,F7,F8 | $29.42 | Jun 10, 2016 | M | 9,600 | D | May 2, 2014 | May 2, 2021 | Common Stock | 9,600 | 6,400 | D |
Explanation of responses
- F1Balance reflects annual company contributions and dividend reinvestment.
- F2Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
- 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 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.