SEC Form 4 · accession 0001127602-18-015150
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director
Period of report
Apr 23, 2018
Accepted (ET)
Apr 24, 2018 · 10:56 am 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 | Apr 23, 2018 | M | 16,000 | $35.27 | A | 317,340 | D | |
| Common StockF1 | Apr 23, 2018 | M | 16,000 | $40.55 | A | 333,340 | D | |
| Common StockF1 | Apr 23, 2018 | M | 16,000 | $35.43 | A | 349,340 | D | |
| Common StockF1 | Apr 23, 2018 | M | 10,500 | $38.21 | A | 359,840 | D | |
| Common StockF1 | Apr 23, 2018 | F | 44,971 | $63.76 | D | 314,869 | D | |
| Common StockF1 | holding | — | — | — | 34,808 | I | By Trust | |
| Common Stock | holding | — | — | — | 880 | I | By Wife, Custodian UTMA-FL | |
| Common StockF1 | holding | — | — | — | 22,243 | I | M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11 | |
| Common Stock | holding | — | — | — | 6,615 | I | M.J. Stone Grantor Retained Annuity Trust (M9) |
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 | $35.27 | Apr 23, 2018 | M | 16,000 | D | Aug 1, 2014 | Dec 31, 2018 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3,F4,F5 | $40.55 | Apr 23, 2018 | M | 16,000 | D | Nov 1, 2014 | Dec 31, 2018 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3 | $35.43 | Apr 23, 2018 | M | 16,000 | D | Feb 1, 2015 | Dec 31, 2018 | Common Stock | 16,000 | 0 | D |
| Stock OptionF2,F3 | $38.21 | Apr 23, 2018 | M | 10,500 | D | May 1, 2015 | Dec 31, 2018 | Common Stock | 10,500 | 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 and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.