Calvin Butler Jr - May 6, 2021 Form 4 Insider Report for RLI CORP (RLI)

Role: Director
Signature: /s/ Jeffrey D. Fick, attorney-in-fact for Mr. Butler
Stock symbol: RLI
Transactions as of: May 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/10/2021, 04:10 PM
Next filing: Jul 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Other	$0	+8	+0.09%	$0.00	8.69K	May 6, 2021	by Directors' Trust	F1, F2
transaction	RLI	Common Stock	Options Exercise	$0	+536	+6.17%	$0.00	9.23K	May 6, 2021	by Directors' Trust	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RLI	Restricted Stock Unit	Options Exercise	$0	-536	-100%	$0.00^*	0	May 6, 2021	Common Stock	536		Direct	F3, F4, F5
transaction	RLI	Restricted Stock Unit	Award	$0	+663		$0.00	663	May 6, 2021	Common Stock	663		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
F2	Ownership reflects dividend reinvestment
F3	Shares acquired on the vesting of restricted stock units.
F4	Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F5	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2021 Annual Shareholders' Meeting or (2) one year after the date of grant.
F6	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2022 Annual Shareholders' Meeting or (2) one year after the date of grant.