RLI CORP — Director's Dealing 2020

Nov 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2020-11-10

Reporting Person: MICHAEL JONATHAN E (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-10	Common Stock	M	3000	$44.26	Acquired	735995.6436	Direct
2020-11-10	Common Stock	M	3000	$46.82	Acquired	738995.6436	Direct
2020-11-10	Common Stock	M	2000	$47.61	Acquired	740995.6436	Direct
2020-11-10	Common Stock	M	4000	$54.14	Acquired	744995.6436	Direct
2020-11-10	Common Stock	M	4000	$59.04	Acquired	748995.6436	Direct
2020-11-10	Common Stock	M	8000	$61.27	Acquired	756995.6436	Direct
2020-11-10	Common Stock	M	7000	$64.09	Acquired	763995.6436	Direct
2020-11-10	Common Stock	M	7000	$68.66	Acquired	770995.6436	Direct
2020-11-10	Common Stock	M	7000	$54.81	Acquired	777995.6436	Direct
2020-11-10	Common Stock	M	5250	$59.77	Acquired	783245.6436	Direct
2020-11-10	Common Stock	M	9000	$56.71	Acquired	792245.6436	Direct
2020-11-10	Common Stock	M	9000	$58.01	Acquired	801245.6436	Direct
2020-11-10	Common Stock	M	9000	$58.73	Acquired	810245.6436	Direct
2020-11-10	Common Stock	F	58971	$101.25	Disposed	751274.6436	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-10	Stock Option	$44.26	M	3000	Disposed	2022-11-03	Common Stock (3000)	Direct
2020-11-10	Stock Option	$46.82	M	3000	Disposed	2023-02-02	Common Stock (3000)	Direct
2020-11-10	Stock Option	$47.61	M	2000	Disposed	2023-05-07	Common Stock (2000)	Direct
2020-11-10	Stock Option	$54.14	M	4000	Disposed	2023-08-03	Common Stock (4000)	Direct
2020-11-10	Stock Option	$59.04	M	4000	Disposed	2023-11-02	Common Stock (4000)	Direct
2020-11-10	Stock Option	$61.27	M	8000	Disposed	2024-02-01	Common Stock (8000)	Direct
2020-11-10	Stock Option	$64.09	M	7000	Disposed	2024-05-05	Common Stock (7000)	Direct
2020-11-10	Stock Option	$68.66	M	7000	Disposed	2024-08-01	Common Stock (7000)	Direct
2020-11-10	Stock Option	$54.81	M	7000	Disposed	2024-11-01	Common Stock (7000)	Direct
2020-11-10	Stock Option	$59.77	M	5250	Disposed	2025-02-01	Common Stock (5250)	Direct
2020-11-10	Stock Option	$56.71	M	9000	Disposed	2025-05-04	Common Stock (9000)	Direct
2020-11-10	Stock Option	$58.01	M	9000	Disposed	2025-08-01	Common Stock (9000)	Direct
2020-11-10	Stock Option	$58.73	M	9000	Disposed	2025-11-01	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	256396.9915	Indirect
Common Stock	55636.1716	Indirect
Common Stock	20840.973	Indirect
Common Stock	137857.9557	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$93.24	2028-08-21	Common Stock (13333)	13333	Direct
Stock Option	$89.28	2028-11-02	Common Stock (13333)	13333	Direct
Stock Option	$96.32	2027-11-01	Common Stock (12500)	12500	Direct
Stock Option	$64.42	2026-02-01	Common Stock (15000)	15000	Direct
Stock Option	$63.14	2026-05-03	Common Stock (13750)	13750	Direct
Stock Option	$75.59	2026-08-01	Common Stock (13750)	13750	Direct
Stock Option	$72.75	2026-11-01	Common Stock (13750)	13750	Direct
Stock Option	$66.16	2027-02-01	Common Stock (13750)	13750	Direct
Stock Option	$82.66	2027-05-02	Common Stock (12500)	12500	Direct
Stock Option	$89.47	2027-08-01	Common Stock (12500)	12500	Direct
Stock Option	$94.62	2028-02-03	Common Stock (12500)	12500	Direct

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: 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.