SEC Form 4 · accession 0001127602-16-062178
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer L Klobnak
Other
Period of report
Sep 7, 2016
Accepted (ET)
Sep 8, 2016 · 10:42 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 Stock | Sep 7, 2016 | M | 2,000 | $23.195 | A | 11,080 | D | |
| Common Stock | Sep 7, 2016 | M | 6,000 | $38.21 | A | 17,080 | D | |
| Common Stock | Sep 7, 2016 | F | 5,168 | $70.88 | D | 11,912 | D | |
| Common StockF1 | holding | — | — | — | 13,864 | I | RLI Corp. 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 | $23.195 | Sep 7, 2016 | M | 2,000 | D | Sep 3, 2013 | Sep 3, 2020 | Common Stock | 2,000 | 2,000 | D |
| Stock OptionF2,F3 | $38.21 | Sep 7, 2016 | M | 6,000 | D | May 1, 2015 | May 1, 2022 | Common Stock | 6,000 | 9,000 | D |
Explanation of responses
- F1Balance reflects annual company contributions and dividend reinvestment.
- F2Exercise price reflects prior adjustments as a result of special dividends.
- 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.