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RLI CORP — Director's Dealing 2016
Mar 15, 2016
30928_dirs_2016-03-15_0c31d5f9-4385-4338-82fe-609e0f1f009e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2016-03-14
Reporting Person: MICHAEL JONATHAN E (Director, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-14 | Common Stock | M | 17000 | $13.63 | Acquired | 606078.2098 | Direct |
| 2016-03-14 | Common Stock | M | 17000 | $16.14 | Acquired | 623078.2098 | Direct |
| 2016-03-14 | Common Stock | M | 24000 | $17.865 | Acquired | 647078.2098 | Direct |
| 2016-03-14 | Common Stock | F | 34304 | $65.10 | Disposed | 612774.2098 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-14 | Stock Option | $13.63 | M | 17000 | Disposed | 2018-11-01 | Common Stock (17000) | Direct |
| 2016-03-14 | Stock Option | $16.14 | M | 17000 | Disposed | 2019-02-01 | Common Stock (17000) | Direct |
| 2016-03-14 | Stock Option | $17.865 | M | 24000 | Disposed | 2019-05-05 | Common Stock (24000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 221104.844 | Indirect |
| Common Stock | 119424.42 | Indirect |
| Common Stock | 48196.5466 | Indirect |
| Common Stock | 20985.7175 | Indirect |
| Common Stock | 22784.3522 | Indirect |
Footnotes
F1: Ownership reflects dividend reinvestment
F2: Balance reflects annual company contributions and dividend reinvestment.
F3: Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
F4: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
F5: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
F6: Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
F7: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
F8: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.
F9: Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
F10: Pursuant 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.