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RLI CORP — Director's Dealing 2018
Sep 4, 2018
30928_dirs_2018-09-04_b76b6b58-7404-40c0-a978-de8b09f0f871.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: 2018-02-05
Reporting Person: STONE MICHAEL J (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-05 | Common Stock | J | 6615 | $61.18 | Disposed | 0 | Indirect |
| 2018-08-30 | Common Stock | M | 10500 | $38.15 | Acquired | 312167.1688 | Direct |
| 2018-08-30 | Common Stock | M | 10500 | $44.26 | Acquired | 322667.1688 | Direct |
| 2018-08-30 | Common Stock | M | 10500 | $46.82 | Acquired | 333167.1688 | Direct |
| 2018-08-30 | Common Stock | M | 10000 | $47.61 | Acquired | 343167.1688 | Direct |
| 2018-08-30 | Common Stock | M | 10000 | $54.14 | Acquired | 353167.1688 | Direct |
| 2018-08-30 | Common Stock | M | 10000 | $59.04 | Acquired | 363167.1688 | Direct |
| 2018-08-30 | Common Stock | F | 48843 | $76.46 | Disposed | 314324.1688 | Direct |
| 2018-08-31 | Common Stock | G | 5000 | — | Disposed | 309324.1688 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-30 | Stock Option | $38.15 | M | 10500 | Disposed | 2018-12-31 | Common Stock (10500) | Direct |
| 2018-08-30 | Stock Option | $44.26 | M | 10500 | Disposed | 2018-12-31 | Common Stock (10500) | Direct |
| 2018-08-30 | Stock Option | $46.82 | M | 10500 | Disposed | 2018-12-31 | Common Stock (10500) | Direct |
| 2018-08-30 | Stock Option | $47.61 | M | 10000 | Disposed | 2018-12-31 | Common Stock (10000) | Direct |
| 2018-08-30 | Stock Option | $54.14 | M | 10000 | Disposed | 2018-12-31 | Common Stock (10000) | Direct |
| 2018-08-30 | Stock Option | $59.04 | M | 10000 | Disposed | 2018-12-31 | Common Stock (10000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 31699.5905 | Indirect |
| Common Stock | 880 | Indirect |
| Common Stock | 22242.55 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (792) | 792 | Direct |
Footnotes
F1: Distribution from the M.J. Stone Grantor Retained Annuity Trust (M9) ("GRAT") to the GRAT beneficiaries.
F2: Ownership reflects 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: Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F6: These 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.