Jennifer L. Klobnak - May 6, 2021 Form 4 Insider Report for RLI CORP (RLI)

Role
Sr. VP, Operations - RLI Ins.
Signature
/s/ Jennifer L. Klobnak
Stock symbol
RLI
Transactions as of
May 6, 2021
Transactions value $
$1,582,280
Form type
4
Date filed
5/10/2021, 04:21 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 22.8K May 6, 2021 Direct F1
holding RLI Common Stock 17.5K May 6, 2021 RLI Corp. Employee Stock Ownership Plan F2

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 $1.58M +14K $113.02 14K May 6, 2021 Common Stock 14K $113.02 Direct F3
holding RLI Stock Option 20K May 6, 2021 Common Stock 20K $93.24 Direct F3
holding RLI Stock Option 11K May 6, 2021 Common Stock 11K $64.09 Direct F3
holding RLI Stock Option 22K May 6, 2021 Common Stock 22K $56.71 Direct F3
holding RLI Stock Option 20K May 6, 2021 Common Stock 20K $63.14 Direct F3
holding RLI Stock Option 20K May 6, 2021 Common Stock 20K $82.66 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance 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.