SEC Form 4 · accession 0001127602-17-032138
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director
Period of report
Nov 14, 2017
Accepted (ET)
Nov 15, 2017 · 11:17 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 | Nov 14, 2017 | M | 16,000 | $22.295 | A | 286,701 | D | |
| Common StockF1 | Nov 14, 2017 | M | 16,000 | $27.305 | A | 302,701 | D | |
| Common StockF1 | Nov 14, 2017 | M | 16,000 | $25.35 | A | 318,701 | D | |
| Common StockF1 | Nov 14, 2017 | M | 16,000 | $22.625 | A | 334,701 | D | |
| Common StockF1 | Nov 14, 2017 | M | 16,000 | $24.915 | A | 350,701 | D | |
| Common StockF1 | Nov 14, 2017 | F | 53,127 | $59.42 | D | 297,574 | D | |
| Common StockF1 | holding | — | — | — | 40,204 | I | By Trust | |
| Common Stock | holding | — | — | — | 880 | I | By Wife, Custodian UTMA-FL | |
| Common StockF1 | holding | — | — | — | 16,324 | I | M.J. Stone Grantor Retained Annuity Trust (M5) dtd. 10/31/11 | |
| Common StockF1 | holding | — | — | — | 22,348 | I | M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11 | |
| Common Stock | holding | — | — | — | 7,819 | 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 | $22.295 | Nov 14, 2017 | M | 16,000 | D | Nov 1, 2012 | Nov 1, 2019 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3,F4,F5,F7,F8 | $27.305 | Nov 14, 2017 | M | 16,000 | D | Feb 1, 2013 | Feb 1, 2020 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3,F4,F5,F7,F8 | $25.35 | Nov 14, 2017 | M | 16,000 | D | May 3, 2013 | May 3, 2020 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3,F4,F5,F7,F8 | $22.625 | Nov 14, 2017 | M | 16,000 | D | Aug 1, 2013 | Aug 1, 2020 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3,F4,F5,F7,F8 | $24.915 | Nov 14, 2017 | M | 16,000 | D | Nov 1, 2013 | Nov 1, 2020 | 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 and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
- F8Pursuant 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.