Craig W. Kliethermes - May 31, 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: President & CEO, Director
Signature: /s/ Craig W. Kliethermes
Stock symbol: RLI
Transactions as of: May 31, 2022
Transactions value $: -$315,587
Form type: 4
Date filed: 6/1/2022, 01:08 PM
Previous filing: May 9, 2022
Next filing: Nov 29, 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	$192K	+3K	+5.7%	$64.09	55.7K	May 31, 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	-$268K	-2.21K	-3.98%	$121.12	53.5K	May 31, 2022	Direct	F1
transaction	RLI	Common Stock	Options Exercise	$476K	+8.4K	+15.71%	$56.71	61.9K	May 31, 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	-$716K	-5.91K	-9.56%	$121.12	56K	May 31, 2022	Direct	F1
holding	RLI	Common Stock						6.69K	May 31, 2022	By Esop	F2
holding	RLI	Common Stock						10.4K	May 31, 2022	By Executive Deferred Comp	F1

Showing 1 to 6 of 6 entries

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	Options Exercise	$0	-3K	-100%	$0.00^*	0	May 31, 2022	Common Stock	3K	$64.09	Direct	F3
transaction	RLI	Stock Option	Options Exercise	$0	-8.4K	-100%	$0.00^*	0	May 31, 2022	Common Stock	8.4K	$56.71	Direct	F3
holding	RLI	Stock Option						20K	May 31, 2022	Common Stock	20K	$93.24	Direct	F3
holding	RLI	Stock Option						14K	May 31, 2022	Common Stock	14K	$113.02	Direct	F3
holding	RLI	Stock Option						75K	May 31, 2022	Common Stock	75K	$116.60	Direct	F3
holding	RLI	Stock Option						20K	May 31, 2022	Common Stock	20K	$63.14	Direct	F3
holding	RLI	Stock Option						21K	May 31, 2022	Common Stock	21K	$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.