SEC Form 4 · accession 0001127602-16-061189
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
Aug 25, 2016
Accepted (ET)
Aug 26, 2016 · 9:35 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 | Aug 25, 2016 | M | 6,000 | $19.81 | A | 631,364 | D | |
| Common StockF1 | Aug 25, 2016 | M | 24,000 | $27.305 | A | 655,364 | D | |
| Common StockF1 | Aug 25, 2016 | M | 24,000 | $25.35 | A | 679,364 | D | |
| Common StockF1 | Aug 25, 2016 | M | 24,000 | $22.625 | A | 703,364 | D | |
| Common StockF1 | Aug 25, 2016 | F | 50,509 | $70.35 | D | 652,855 | D | |
| Common StockF2 | holding | — | — | — | 222,410 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 120,133 | I | By Key Employee Benefit Plan | |
| Common StockF1 | holding | — | — | — | 48,483 | I | By Trust | |
| Common StockF1 | holding | — | — | — | 20,265 | I | J.E. Michael 2014 GRAT 1 dtd 08/05/14 | |
| Common StockF1 | holding | — | — | — | 22,920 | 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 | $19.81 | Aug 25, 2016 | M | 6,000 | D | Aug 1, 2012 | Aug 1, 2019 | Common Stock | 6,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F8,F9 | $27.305 | Aug 25, 2016 | M | 24,000 | D | Feb 1, 2013 | Feb 1, 2020 | Common Stock | 24,000 | 6,000 | D |
| Stock OptionF3,F4,F5,F6,F8,F9 | $25.35 | Aug 25, 2016 | M | 24,000 | D | May 3, 2013 | May 3, 2020 | Common Stock | 24,000 | 6,000 | D |
| Stock OptionF3,F4,F5,F6,F8,F9 | $22.625 | Aug 25, 2016 | M | 24,000 | D | Aug 1, 2013 | Aug 1, 2020 | Common Stock | 24,000 | 6,000 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment
- F2Balance reflects annual company contributions and dividend reinvestment.
- F3Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
- F4Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
- F5Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F6Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
- F7Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
- 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.