Aaron P. Diefenthaler - Dec 2, 2022 Form 4 Insider Report for RLI CORP (RLI)

Role
CIO & Treasurer
Signature
/s/ Aaron Paul Diefenthaler
Stock symbol
RLI
Transactions as of
Dec 2, 2022
Transactions value $
-$485,074
Form type
4
Date filed
12/7/2022, 02:50 PM
Previous filing
May 9, 2022
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $487K +12K +56.84% $40.61 33.1K Dec 2, 2022 Direct F1
transaction RLI Common Stock Tax liability -$972K -7.38K -22.27% $131.85 25.7K Dec 2, 2022 Direct F1
holding RLI Common Stock 3.74K Dec 2, 2022 Employee Stock Ownership Plan - ESOP F2
holding RLI Common Stock 1.36K Dec 2, 2022 By Executive Deferred Compensation 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 Options Exercise $0 -12K -100% $0.00* 0 Dec 2, 2022 Common Stock 12K $40.61 Direct F3, F4, F5
holding RLI Stock Option 12.5K Dec 2, 2022 Common Stock 12.5K $86.24 Direct F4, F5
holding RLI Stock Option 8K Dec 2, 2022 Common Stock 8K $106.02 Direct F4, F5
holding RLI Stock Option 19K Dec 2, 2022 Common Stock 19K $109.60 Direct F4, F5
holding RLI Stock Option 9K Dec 2, 2022 Common Stock 9K $57.09 Direct F4, F5
holding RLI Stock Option 11K Dec 2, 2022 Common Stock 11K $49.71 Direct F4, F5
holding RLI Stock Option 9K Dec 2, 2022 Common Stock 9K $56.14 Direct F4, F5
holding RLI Stock Option 7.5K Dec 2, 2022 Common Stock 7.5K $75.66 Direct F4, F5
* 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 Balance reflects annual company contributions and dividend reinvestment.
F3 Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
F4 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F5 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.