SEC Form 4 · accession 0001127602-16-060304
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel O Kennedy
Officer — Vice President General Counsel
Period of report
Aug 15, 2016
Accepted (ET)
Aug 16, 2016 · 12:11 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 | Aug 15, 2016 | M | 4,000 | $17.865 | A | 54,611 | D | |
| Common StockF1 | Aug 15, 2016 | M | 4,000 | $25.35 | A | 58,611 | D | |
| Common StockF1 | Aug 15, 2016 | M | 4,000 | $29.42 | A | 62,611 | D | |
| Common StockF1 | Aug 15, 2016 | M | 5,400 | $38.21 | A | 68,011 | D | |
| Common StockF1 | Aug 15, 2016 | F | 11,846 | $69.29 | D | 56,165 | D | |
| Common StockF2 | holding | — | — | — | 9,016 | I | By Esop | |
| Common StockF3 | holding | — | — | — | 1,297 | I | By Executive Deferred Compensation |
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 | $17.865 | Aug 15, 2016 | M | 4,000 | D | May 5, 2012 | May 5, 2019 | Common Stock | 4,000 | 0 | D |
| Stock OptionF4,F5,F6,F7,F9,F10 | $25.35 | Aug 15, 2016 | M | 4,000 | D | May 3, 2013 | May 3, 2020 | Common Stock | 4,000 | 4,000 | D |
| Stock OptionF4,F5,F6,F9,F10 | $29.42 | Aug 15, 2016 | M | 4,000 | D | May 2, 2014 | May 2, 2021 | Common Stock | 4,000 | 8,000 | D |
| Stock OptionF4,F5,F10 | $38.21 | Aug 15, 2016 | M | 5,400 | D | May 1, 2015 | May 1, 2022 | Common Stock | 5,400 | 8,100 | 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.
- F2Balance reflects annual company contributions and dividend reinvestment.
- F3Ownership reflects dividend reinvestment
- 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.