SEC Form 4 · accession 0001127602-18-027539
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig W Kliethermes
Other
Period of report
Sep 13, 2018
Accepted (ET)
Sep 14, 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 | Sep 13, 2018 | M | 7,600 | $38.21 | A | 94,120 | D | |
| Common StockF1 | Sep 13, 2018 | M | 16,000 | $47.61 | A | 110,120 | D | |
| Common StockF1 | Sep 13, 2018 | F | 17,870 | $79.04 | D | 92,250 | D | |
| Common StockF2 | holding | — | — | — | 11,651 | I | By Esop | |
| Common StockF1 | holding | — | — | — | 18,887 | I | By Executive Deferred Comp |
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 | $38.21 | Sep 13, 2018 | M | 7,600 | D | May 1, 2015 | May 1, 2022 | Common Stock | 7,600 | 7,600 | D |
| Stock OptionF3,F5 | $47.61 | Sep 13, 2018 | M | 16,000 | D | May 7, 2016 | May 7, 2023 | Common Stock | 16,000 | 16,000 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment.
- F2Ownership reflects shares allocated to ESOP participant's account and 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.
- F5Pursuant 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.