SEC Form 4 · accession 0001127602-18-026601
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director
Period of report
Feb 5, 2018
Accepted (ET)
Sep 4, 2018 · 10:59 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 | Feb 5, 2018 | J | 6,615 | $61.18 | D | 0 | I | M.J. Stone Grantor Retained Annuity Trust (M9) |
| Common StockF2 | Aug 30, 2018 | M | 10,500 | $38.15 | A | 312,167 | D | |
| Common StockF2 | Aug 30, 2018 | M | 10,500 | $44.26 | A | 322,667 | D | |
| Common StockF2 | Aug 30, 2018 | M | 10,500 | $46.82 | A | 333,167 | D | |
| Common StockF2 | Aug 30, 2018 | M | 10,000 | $47.61 | A | 343,167 | D | |
| Common StockF2 | Aug 30, 2018 | M | 10,000 | $54.14 | A | 353,167 | D | |
| Common StockF2 | Aug 30, 2018 | M | 10,000 | $59.04 | A | 363,167 | D | |
| Common StockF2 | Aug 30, 2018 | F | 48,843 | $76.46 | D | 314,324 | D | |
| Common StockF2 | Aug 31, 2018 | G | 5,000 | $0.00 | D | 309,324 | D | |
| Common StockF2 | holding | — | — | — | 31,700 | 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 | $38.15 | Aug 30, 2018 | M | 10,500 | D | Aug 1, 2015 | Dec 31, 2018 | Common Stock | 10,500 | 0 | D |
| Stock OptionF3,F4 | $44.26 | Aug 30, 2018 | M | 10,500 | D | Nov 3, 2015 | Dec 31, 2018 | Common Stock | 10,500 | 0 | D |
| Stock OptionF3 | $46.82 | Aug 30, 2018 | M | 10,500 | D | Feb 2, 2016 | Dec 31, 2018 | Common Stock | 10,500 | 0 | D |
| Stock OptionF3 | $47.61 | Aug 30, 2018 | M | 10,000 | D | May 7, 2016 | Dec 31, 2018 | Common Stock | 10,000 | 0 | D |
| Stock OptionF3 | $54.14 | Aug 30, 2018 | M | 10,000 | D | Aug 3, 2016 | Dec 31, 2018 | Common Stock | 10,000 | 0 | D |
| Stock OptionF3 | $59.04 | Aug 30, 2018 | M | 10,000 | D | Nov 2, 2016 | Dec 31, 2018 | Common Stock | 10,000 | 0 | D |
| Restricted Stock UnitF5,F6 | — | holding | — | — | — | — | — | Common Stock | 792 | 792 | D |
Explanation of responses
- F1Distribution from the M.J. Stone Grantor Retained Annuity Trust (M9) ("GRAT") to the GRAT beneficiaries.
- 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.
- F5Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
- F6These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2019 Annual Shareholders Meeting or (2) one year after the date of grant.