Jennifer L. Klobnak - Dec 13, 2022 Form 4 Insider Report for RLI CORP (RLI)

Role
Chief Operating Officer
Signature
/s/ Jennifer L. Klobnak
Stock symbol
RLI
Transactions as of
Dec 13, 2022
Transactions value $
-$772,576
Form type
4
Date filed
12/15/2022, 03:10 PM
Previous filing
May 31, 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 $1.09M +22K +85.58% $49.71 47.7K Dec 13, 2022 Direct F1
transaction RLI Common Stock Tax liability -$1.87M -14.5K -30.33% $128.97 33.2K Dec 13, 2022 Direct F1
holding RLI Common Stock 18.3K Dec 13, 2022 RLI Corp. Employee Stock Ownership Plan 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 Stock Option Options Exercise $0 -22K -100% $0.00* 0 Dec 13, 2022 Common Stock 22K $49.71 Direct F3, F4
holding RLI Stock Option 20K Dec 13, 2022 Common Stock 20K $86.24 Direct F3, F4
holding RLI Stock Option 14K Dec 13, 2022 Common Stock 14K $106.02 Direct F3, F4
holding RLI Stock Option 43K Dec 13, 2022 Common Stock 43K $109.60 Direct F3, F4
holding RLI Stock Option 20K Dec 13, 2022 Common Stock 20K $56.14 Direct F3, F4
holding RLI Stock Option 20K Dec 13, 2022 Common Stock 20K $75.66 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance reflects dividend reinvestment.
F2 Balance reflects annual company contributions and dividend reinvestment.
F3 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-1-2022.
F4 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.