SEC Form 4 · accession 0001127602-18-037556
RLI CORP · RLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Stone
Director
Period of report
Dec 28, 2018
Accepted (ET)
Dec 31, 2018 · 11:32 am EST
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 StockF2 | Dec 28, 2018 | J | 265 | $68.23 | D | 21,978 | I | M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11 |
| Common StockF2 | Dec 28, 2018 | J | 265 | $68.23 | A | 299,386 | D | |
| Common StockF2 | holding | — | — | — | 29,089 | I | By Trust | |
| Common Stock | holding | — | — | — | 1,280 | I | By Wife, Custodian UTMA-FL |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4 | — | holding | — | — | — | — | — | Common Stock | 792 | 792 | D |
Explanation of responses
- F1Share distribution from the M. J .Stone Grantor Retained Annuity Trust to M. J. Stone.
- F2Ownership reflects dividend reinvestment
- 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 earlier of (1) the date of the RLI Corp. 2019 Annual Shareholders Meeting or (2) one year after the date of grant.