Aaron P. Diefenthaler - May 6, 2021 Form 4 Insider Report for RLI CORP (RLI)

Role
VP, CIO, Treasurer
Signature
/s/ Aaron Paul Diefenthaler
Stock symbol
RLI
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
4
Date filed
5/10/2021, 04:13 PM
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RLI Common Stock 20.9K May 6, 2021 Direct F1
holding RLI Common Stock 3.38K May 6, 2021 Employee Stock Ownership Plan - ESOP F2
holding RLI Common Stock 1.32K May 6, 2021 By Executive Deferred Compensation F1

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 Stock Option Award $0 +8K $0.00 8K May 6, 2021 Common Stock 8K $113.02 Direct F3
holding RLI Stock Option 12.5K May 6, 2021 Common Stock 12.5K $93.24 Direct F3
holding RLI Restricted Stock Unit 300 May 6, 2021 Common Stock 300 Direct F4, F5
holding RLI Stock Option 12K May 6, 2021 Common Stock 12K $47.61 Direct F3, F6
holding RLI Stock Option 9K May 6, 2021 Common Stock 9K $64.09 Direct F3
holding RLI Stock Option 11K May 6, 2021 Common Stock 11K $56.71 Direct F3
holding RLI Stock Option 9K May 6, 2021 Common Stock 9K $63.14 Direct F3
holding RLI Stock Option 7.5K May 6, 2021 Common Stock 7.5K $82.66 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership reflects dividend reinvestment
F2 Balance reflects annual company contributions and dividend reinvestment.
F3 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.
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 third anniversary of the date of grant.
F6 Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.