Aaron P. Diefenthaler - 02 Dec 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: CIO & Treasurer
Signature: /s/ Aaron Paul Diefenthaler
Issuer symbol: RLI
Transactions as of: 02 Dec 2022
Net transactions value: -$485,074
Form type: 4
Filing time: 07 Dec 2022, 14:50:35 UTC
Previous filing: 09 May 2022
Next filing: 01 Feb 2023
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	$487,320	+12,000	+57%	$40.61	33,111	02 Dec 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	$972,394	-7,375	-22%	$131.85	25,736	02 Dec 2022	Direct	F1
holding	RLI	Common Stock						3,741	02 Dec 2022	Employee Stock Ownership Plan - ESOP	F2
holding	RLI	Common Stock						1,362	02 Dec 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	-12,000	-100%	$0.000000^*	0	02 Dec 2022	Common Stock	12,000	$40.61	Direct	F3, F4, F5
holding	RLI	Stock Option						12,500	02 Dec 2022	Common Stock	12,500	$86.24	Direct	F4, F5
holding	RLI	Stock Option						8,000	02 Dec 2022	Common Stock	8,000	$106.02	Direct	F4, F5
holding	RLI	Stock Option						19,000	02 Dec 2022	Common Stock	19,000	$109.60	Direct	F4, F5
holding	RLI	Stock Option						9,000	02 Dec 2022	Common Stock	9,000	$57.09	Direct	F4, F5
holding	RLI	Stock Option						11,000	02 Dec 2022	Common Stock	11,000	$49.71	Direct	F4, F5
holding	RLI	Stock Option						9,000	02 Dec 2022	Common Stock	9,000	$56.14	Direct	F4, F5
holding	RLI	Stock Option						7,500	02 Dec 2022	Common Stock	7,500	$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.