Craig W. Kliethermes - 06 May 2021 Form 4 Insider Report for RLI CORP (RLI)

Signature
/s/ Craig W. Kliethermes
Issuer symbol
RLI
Transactions as of
06 May 2021
Net transactions value
+$3,164,560
Form type
4
Filing time
10 May 2021, 16:19:48 UTC
Next filing
10 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RLI Common Stock 110,762 06 May 2021 Direct F1
holding RLI Common Stock 12,847 06 May 2021 By Esop F2
holding RLI Common Stock 20,154 06 May 2021 By Executive Deferred Comp 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 $3,164,560 +28,000 $113.02 28,000 06 May 2021 Common Stock 28,000 $113.02 Direct F3
holding RLI Stock Option 40,000 06 May 2021 Common Stock 40,000 $93.24 Direct F3
holding RLI Stock Option 6,000 06 May 2021 Common Stock 6,000 $64.09 Direct F3
holding RLI Stock Option 16,800 06 May 2021 Common Stock 16,800 $56.71 Direct F3
holding RLI Stock Option 40,000 06 May 2021 Common Stock 40,000 $63.14 Direct F3
holding RLI Stock Option 35,000 06 May 2021 Common Stock 35,000 $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 Ownership reflects shares allocated to ESOP participant's account 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.