SEC Form 4 · accession 0001127602-18-018518
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 22, 2018
Accepted (ET)
May 23, 2018 · 11:40 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 | May 22, 2018 | M | 3,200 | $29.42 | A | 18,080 | D | |
| Common Stock | May 22, 2018 | M | 2,400 | $38.21 | A | 20,480 | D | |
| Common Stock | May 22, 2018 | F | 4,012 | $67.61 | D | 16,468 | 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,F3,F4,F5,F6 | $29.42 | May 22, 2018 | M | 3,200 | D | May 2, 2014 | May 2, 2021 | Common Stock | 3,200 | 0 | D |
| Stock OptionF2,F3,F6 | $38.21 | May 22, 2018 | M | 2,400 | D | May 1, 2015 | May 1, 2022 | Common Stock | 2,400 | 2,400 | D |
Explanation of responses
- F1Balance reflects annual company contributions and 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.
- F6Pursuant 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.