SEC Form 4 · accession 0001127602-18-002909
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director
Period of report
Jan 29, 2018
Accepted (ET)
Jan 30, 2018 · 12:29 pm 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 Stock | Jan 29, 2018 | J | 1,204 | $64.47 | D | 6,615 | I | M.J. Stone Grantor Retained Annuity Trust (M9) |
| Common StockF2 | Jan 29, 2018 | J | 1,204 | $64.47 | A | 294,383 | D | |
| Common StockF2 | Jan 29, 2018 | M | 16,000 | $28.24 | A | 310,383 | D | |
| Common StockF2 | Jan 29, 2018 | M | 16,000 | $29.42 | A | 326,383 | D | |
| Common StockF2 | Jan 29, 2018 | F | 22,243 | $64.47 | D | 304,140 | D | |
| Common StockF2 | Jan 30, 2018 | S | 5,000 | $65.356 | D | 299,140 | D | |
| Common StockF2 | holding | — | — | — | 37,898 | I | By Trust | |
| Common Stock | holding | — | — | — | 880 | I | By Wife, Custodian UTMA-FL | |
| Common StockF2 | holding | — | — | — | 22,243 | I | M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11 |
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 | $28.24 | Jan 29, 2018 | M | 16,000 | D | Feb 1, 2014 | Dec 31, 2018 | Common Stock | 16,000 | 0 | D |
| Stock OptionF3,F4,F5,F6 | $29.42 | Jan 29, 2018 | M | 16,000 | D | May 2, 2014 | Dec 31, 2018 | Common Stock | 16,000 | 0 | D |
Explanation of responses
- F1Shares transferred from the M.J. Stone Grantor Retained Annuity Trust (M9) to M.J. Stone.
- F2Ownership reflects 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 and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.