SEC Form 4 · accession 0001127602-18-016309
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Wayne Bryant
Officer — VP, Finance & Controller
Period of report
May 3, 2018
Accepted (ET)
May 4, 2018 · 11:08 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 Stock | holding | — | — | — | 14,880 | D | ||
| Common StockF1 | holding | — | — | — | 24,731 | I | Employee Stock Ownership Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $63.14 | May 3, 2018 | A | 9,000 | A | May 3, 2019 | May 3, 2026 | Common Stock | 9,000 | 9,000 | D |
| Restricted Stock UnitF3,F4 | — | May 3, 2018 | A | 300 | A | — | — | Common Stock | 300 | 300 | D |
Explanation of responses
- F1Balance reflects annual company contributions and dividend reinvestment.
- F2Pursuant 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.
- F3Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
- F4These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.