Michael Jonathan E - Jan 30, 2023 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jonathan E. Michael
Stock symbol
RLI
Transactions as of
Jan 30, 2023
Transactions value $
-$2,436,910
Form type
4
Date filed
2/1/2023, 08:47 PM
Previous filing
Feb 1, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $109K +2K +0.28% $54.27 718K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $99.9K +1.75K +0.24% $57.09 720K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $108K +1.75K +0.24% $61.66 722K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $83.7K +1.75K +0.24% $47.81 723K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $185K +3.5K +0.48% $52.77 727K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $298K +6K +0.83% $49.71 733K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $306K +6K +0.82% $51.01 739K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $689K +12K +1.62% $57.42 751K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $618K +11K +1.47% $56.14 762K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $754K +11K +1.44% $68.57 773K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $542K +8.25K +1.07% $65.75 781K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $488K +8.25K +1.06% $59.16 789K Jan 30, 2023 Direct F1
transaction RLI Common Stock Tax liability -$6.87M -52.8K -6.7% $130.05 736K Jan 30, 2023 Direct F1
transaction RLI Common Stock Options Exercise $155K +3K +0.41% $51.73 739K Jan 30, 2023 Direct F1
holding RLI Common Stock 268K Jan 30, 2023 By Empl. Stock Ownership Plan F2
holding RLI Common Stock 61.5K Jan 30, 2023 By Trust F1
holding RLI Common Stock 19.5K Jan 30, 2023 Jonathan E. Michael Family Trust Number 2 F1
holding RLI Common Stock 0 Jan 30, 2023 J.E. Michael 2012 Grantor Retained Annuity Trust Dtd 07/24/12 F1
holding RLI Common Stock 152K Jan 30, 2023 By Key Employee Benefit Plan 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 -2K -100% $0.00* 0 Jan 30, 2023 Common Stock 2K $54.27 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1.75K -100% $0.00* 0 Jan 30, 2023 Common Stock 1.75K $57.09 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1.75K -100% $0.00* 0 Jan 30, 2023 Common Stock 1.75K $61.66 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1.75K -100% $0.00* 0 Jan 30, 2023 Common Stock 1.75K $47.81 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -3.5K -100% $0.00* 0 Jan 30, 2023 Common Stock 3.5K $52.77 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -6K -100% $0.00* 0 Jan 30, 2023 Common Stock 6K $49.71 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -6K -100% $0.00* 0 Jan 30, 2023 Common Stock 6K $51.01 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -12K -80% $0.00 3K Jan 30, 2023 Common Stock 12K $57.42 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -11K -80% $0.00 2.75K Jan 30, 2023 Common Stock 11K $56.14 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -11K -80% $0.00 2.75K Jan 30, 2023 Common Stock 11K $68.59 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -8.25K -60% $0.00 5.5K Jan 30, 2023 Common Stock 8.25K $65.75 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -8.25K -60% $0.00 5.5K Jan 30, 2023 Common Stock 8.25K $59.16 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -3K -50% $0.00 3K Jan 30, 2023 Common Stock 3K $51.73 Direct F3, F4
* 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 $7.00 extraordinary dividend declared 11-10-2022.
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.