SEC Form 4 · accession 0001127602-18-027542
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan E Michael
Officer — President & CEO · Director
Period of report
Sep 13, 2018
Accepted (ET)
Sep 14, 2018 · 11:41 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 | 6,000 | $28.24 | A | 705,394 | D | |
| Common StockF1 | Sep 13, 2018 | M | 4,000 | $29.42 | A | 709,394 | D | |
| Common StockF1 | Sep 13, 2018 | M | 8,000 | $35.27 | A | 717,394 | D | |
| Common StockF1 | Sep 13, 2018 | M | 16,000 | $40.55 | A | 733,394 | D | |
| Common StockF1 | Sep 13, 2018 | M | 16,000 | $35.43 | A | 749,394 | D | |
| Common StockF1 | Sep 13, 2018 | M | 12,000 | $38.21 | A | 761,394 | D | |
| Common StockF1 | Sep 13, 2018 | M | 12,000 | $38.15 | A | 773,394 | D | |
| Common StockF1 | Sep 13, 2018 | F | 51,819 | $79.04 | D | 721,575 | D | |
| Common StockF2 | holding | — | — | — | 243,160 | I | By Empl. Stock Ownership Plan | |
| Common StockF1 | holding | — | — | — | 130,974 | I | By Key Employee Benefit Plan | |
| Common StockF1 | holding | — | — | — | 52,858 | I | By Trust | |
| Common StockF1 | holding | — | — | — | 14,355 | I | Jonathan E. Michael Family Trust Number 1 | |
| Common StockF1 | holding | — | — | — | 22,571 | I | Jonathan E. Michael Family Trust Number 2 |
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,F6,F7 | $28.24 | Sep 13, 2018 | M | 6,000 | D | Feb 1, 2014 | Feb 1, 2021 | Common Stock | 6,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7 | $29.42 | Sep 13, 2018 | M | 4,000 | D | May 2, 2014 | May 2, 2021 | Common Stock | 4,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7 | $35.27 | Sep 13, 2018 | M | 8,000 | D | Aug 1, 2014 | Aug 1, 2021 | Common Stock | 8,000 | 0 | D |
| Stock OptionF3,F4,F5,F6,F7 | $40.55 | Sep 13, 2018 | M | 16,000 | D | Nov 1, 2014 | Nov 1, 2021 | Common Stock | 16,000 | 4,000 | D |
| Stock OptionF3,F4,F7 | $35.43 | Sep 13, 2018 | M | 16,000 | D | Feb 3, 2015 | Feb 3, 2022 | Common Stock | 16,000 | 4,000 | D |
| Stock OptionF3,F4,F7 | $38.21 | Sep 13, 2018 | M | 12,000 | D | May 1, 2015 | May 1, 2022 | Common Stock | 12,000 | 3,000 | D |
| Stock OptionF3,F4,F7 | $38.15 | Sep 13, 2018 | M | 12,000 | D | Aug 1, 2015 | Aug 1, 2022 | Common Stock | 12,000 | 3,000 | D |
Explanation of responses
- F1Ownership reflects dividend reinvestment
- F2Balance reflects annual company contributions 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.
- F5Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
- F6Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
- F7Pursuant 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.