RLI CORP — Director's Dealing 2021

Nov 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2021-11-22

Reporting Person: Davis Seth Anthony (Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-22	Common Stock	M	9000	$38.21	Acquired	9300	Direct
2021-11-22	Common Stock	F	5666	$114.11	Disposed	3634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-22	Stock Option	$38.21	M	9000	Acquired	2022-05-01	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4634.5782	Indirect
Common Stock	13373.47	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$47.61	2023-05-07	Common Stock (9000)	9000	Direct
Stock Option	$64.09	2024-05-05	Common Stock (6000)	6000	Direct
Stock Option	$56.71	2025-05-04	Common Stock (9000)	9000	Direct
Stock Option	$63.14	2026-05-03	Common Stock (7000)	7000	Direct
Stock Option	$82.66	2027-05-02	Common Stock (6000)	6000	Direct
Stock Option	$93.24	2028-08-21	Common Stock (5000)	5000	Direct
Restricted Stock Unit	$		Common Stock (150)	150	Direct
Stock Option	$113.02	2029-05-06	Common Stock (4000)	4000	Direct

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Balance reflects annual company contributions and dividend reinvestment.

F3: Exercise price reflects prior adjustments as a result of special dividends.

F4: 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.

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 third anniversary of the date of grant.