SEC Form 4 · accession 0001127602-17-017236
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Paul Diefenthaler
Officer — VP, CIO, Treasurer
Period of report
May 4, 2017
Accepted (ET)
May 8, 2017 · 2:29 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 | holding | — | — | — | 8,846 | D | ||
| Common StockF1 | holding | — | — | — | 1,183 | I | By Executive Deferred Compensation | |
| Common StockF2 | holding | — | — | — | 2,390 | I | Employee Stock Ownership Plan - ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $56.71 | May 4, 2017 | A | 11,000 | A | May 4, 2018 | May 4, 2025 | Common Stock | 11,000 | 11,000 | D |
| Restricted Stock UnitF4,F5 | — | May 4, 2017 | A | 300 | A | — | — | Common Stock | 300 | 300 | 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.
- F4Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
- F5These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.