SEC Form 4 · accession 0001127602-17-003461
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
Feb 1, 2017
Accepted (ET)
Feb 2, 2017 · 11:30 am EST
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 | holding | — | — | — | 677,487 | D | ||
| Common StockF2 | holding | — | — | — | 230,835 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 124,650 | I | By Key Employee Benefit Plan | |
| Common StockF1 | holding | — | — | — | 50,306 | I | By Trust | |
| Common StockF1 | holding | — | — | — | 20,390 | I | J.E. Michael 2014 GRAT 1 dtd 08/05/14 | |
| Common StockF1 | holding | — | — | — | 23,061 | 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 | $59.77 | Feb 1, 2017 | A | 8,750 | A | Feb 1, 2018 | Feb 1, 2025 | Common Stock | 8,750 | 8,750 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment
- F2Balance reflects annual company contributions and dividend reinvestment.
- 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.