JOHN THOMAS BAILY - 05 May 2022 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jeffrey D. Fick, attorney-in-fact for Mr. Baily
Issuer symbol
RLI
Transactions as of
05 May 2022
Net transactions value
$0
Form type
4
Filing time
09 May 2022, 16:07:45 UTC
Previous filing
09 Feb 2022
Next filing
31 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $0 +663 +2.1% $0.000000 31,922 05 May 2022 Direct F1, F2
transaction RLI Common Stock Other $0 +18 +0.06% $0.000000 31,940 05 May 2022 Direct F2, F3
holding RLI Common Stock 6,000 05 May 2022 By Wife
holding RLI Common Stock 44,864 05 May 2022 Directors' Trust 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 Restricted Stock Unit Award $0 +643 $0.000000 643 05 May 2022 Common Stock 643 Direct F4, F5
transaction RLI Restricted Stock Unit Options Exercise $0 -663 -100% $0.000000* 0 05 May 2022 Common Stock 663 Direct F1, 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 restricted stock units.
F2 Ownership reflects dividend reinvestment.
F3 Shares acquired on the vesting of accrued special and regular dividend equivalents on 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. 2023 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.