SEC Form 4 · accession 0001127602-17-033482
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan E Michael
Officer — President & CEO · Director
Period of report
Nov 28, 2017
Accepted (ET)
Nov 30, 2017 · 9:16 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 28, 2017 | M | 6,000 | $27.305 | A | 687,760 | D | |
| Common StockF1 | Nov 28, 2017 | M | 6,000 | $25.35 | A | 693,760 | D | |
| Common StockF1 | Nov 28, 2017 | M | 6,000 | $22.625 | A | 699,760 | D | |
| Common StockF1 | Nov 28, 2017 | M | 6,000 | $24.915 | A | 705,760 | D | |
| Common StockF1 | Nov 28, 2017 | M | 6,000 | $28.24 | A | 711,760 | D | |
| Common StockF1 | Nov 28, 2017 | M | 4,000 | $29.42 | A | 715,760 | D | |
| Common StockF1 | Nov 28, 2017 | F | 23,688 | $60.93 | D | 692,072 | D | |
| Common StockF2 | holding | — | — | — | 233,725 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 126,016 | I | By Key Employee Benefit Plan | |
| Common StockF1 | holding | — | — | — | 50,857 | I | By Trust | |
| Common StockF1 | holding | — | — | — | 17,501 | I | Jonathan E. Michael Family Trust Number 1 | |
| Common StockF1 | holding | — | — | — | 23,313 | I | Jonathan E. Michael Family Trust Number 2 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F4,F5,F6,F7,F8 | $27.305 | Nov 28, 2017 | M | 6,000 | D | Feb 1, 2013 | Feb 1, 2020 | Common Stock | 6,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8 | $25.35 | Nov 28, 2017 | M | 6,000 | D | May 3, 2013 | May 3, 2020 | Common Stock | 6,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8 | $22.625 | Nov 28, 2017 | M | 6,000 | D | Aug 1, 2013 | Aug 1, 2020 | Common Stock | 6,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7,F8 | $24.915 | Nov 28, 2017 | M | 6,000 | D | Nov 1, 2013 | Nov 1, 2020 | Common Stock | 6,000 | 0 | D |
| Stock OptionF3,F4,F5,F7,F8 | $28.24 | Nov 28, 2017 | M | 6,000 | D | Feb 1, 2014 | Feb 1, 2021 | Common Stock | 6,000 | 6,000 | D |
| Stock OptionF3,F4,F5,F7,F8 | $29.42 | Nov 28, 2017 | M | 4,000 | D | May 2, 2014 | May 2, 2021 | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment
- F2Balance reflects annual company contributions and dividend reinvestment.
- F3Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
- F4Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
- F5Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F6Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
- 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.