STONE MICHAEL J - 06 May 2021 Form 4 Insider Report for RLI CORP (RLI)

Role: Director
Signature: /s/ Jeffrey D. Fick, attorney-in-fact for Michael J. Stone
Issuer symbol: RLI
Transactions as of: 06 May 2021
Net transactions value: $0
Form type: 4
Filing time: 10 May 2021, 16:34:17 UTC
Next filing: 02 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Other	$0	+8	+0%	$0.000000	236,254	06 May 2021	Direct	F1, F2
transaction	RLI	Common Stock	Options Exercise	$0	+536	+0.23%	$0.000000	236,790	06 May 2021	Direct	F2, F3
holding	RLI	Common Stock						1,580	06 May 2021	By Wife, Custodian UTMA-FL

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	Award	$0	+663		$0.000000	663	06 May 2021	Common Stock	663		Direct	F4, F5
transaction	RLI	Restricted Stock Unit	Options Exercise	$0	-536	-100%	$0.000000^*	0	06 May 2021	Common Stock	536		Direct	F3, F4, 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. 2022 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. 2021 Annual Shareholders' Meeting or (2) one year after the date of grant.