SEC Form 4 · accession 0001127602-16-061607
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director
Period of report
Aug 31, 2016
Accepted (ET)
Aug 31, 2016 · 5:23 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 31, 2016 | M | 2,400 | $13.63 | A | 264,936 | D | |
| Common StockF1 | Aug 31, 2016 | M | 2,400 | $16.14 | A | 267,336 | D | |
| Common StockF1 | Aug 31, 2016 | M | 16,000 | $17.865 | A | 283,336 | D | |
| Common StockF1 | Aug 31, 2016 | M | 16,000 | $19.81 | A | 299,336 | D | |
| Common StockF1 | Aug 31, 2016 | F | 21,976 | $70.98 | D | 277,360 | D | |
| Common StockF1 | holding | — | — | — | 53,496 | I | By Trust | |
| Common Stock | holding | — | — | — | 480 | I | By Wife, Custodian UTMA-FL | |
| Common StockF1 | holding | — | — | — | 17,937 | I | M.J. Stone Grantor Retained Annuity Trust (M5) dtd. 10/31/11 | |
| Common StockF1 | holding | — | — | — | 22,512 | I | M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11 | |
| Common Stock | holding | — | — | — | 7,500 | I | M.J. Stone Grantor Retained Annuity Trust (M8) dtd. 01/30/13 | |
| Common Stock | holding | — | — | — | 8,685 | I | M.J. Stone Grantor Retained Annuity Trust (M9) dtd. 01/30/13 |
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,F9 | $13.63 | Aug 31, 2016 | M | 2,400 | D | Nov 1, 2011 | Nov 1, 2018 | Common Stock | 2,400 | 0 | D |
| Stock OptionF2,F3,F4,F5,F6,F8,F9 | $16.14 | Aug 31, 2016 | M | 2,400 | D | Feb 1, 2012 | Feb 1, 2019 | Common Stock | 2,400 | 0 | D |
| Stock OptionF2,F3,F4,F5,F6,F8,F9 | $17.865 | Aug 31, 2016 | M | 16,000 | D | May 5, 2012 | May 5, 2019 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3,F4,F5,F6,F8,F9 | $19.81 | Aug 31, 2016 | M | 16,000 | D | Aug 1, 2012 | Aug 1, 2019 | Common Stock | 16,000 | 0 | D |
Explanation of responses
- F1Ownership reflects 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 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.