MICHAEL JONATHAN E - 30 Jan 2023 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jonathan E. Michael
Issuer symbol
RLI
Transactions as of
30 Jan 2023
Net transactions value
-$2,436,910
Form type
4
Filing time
01 Feb 2023, 20:47:41 UTC
Previous filing
01 Feb 2023
Next filing
12 May 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 $108,540 +2,000 +0.28% $54.27 718,042 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $99,908 +1,750 +0.24% $57.09 719,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $107,905 +1,750 +0.24% $61.66 721,542 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $83,668 +1,750 +0.24% $47.81 723,292 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $184,695 +3,500 +0.48% $52.77 726,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $298,260 +6,000 +0.83% $49.71 732,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $306,060 +6,000 +0.82% $51.01 738,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $689,040 +12,000 +1.6% $57.42 750,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $617,540 +11,000 +1.5% $56.14 761,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $754,270 +11,000 +1.4% $68.57 772,792 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $542,438 +8,250 +1.1% $65.75 781,042 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $488,070 +8,250 +1.1% $59.16 789,292 30 Jan 2023 Direct F1
transaction RLI Common Stock Tax liability $6,872,492 -52,845 -6.7% $130.05 736,447 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $155,190 +3,000 +0.41% $51.73 739,447 30 Jan 2023 Direct F1
holding RLI Common Stock 268,262 30 Jan 2023 By Empl. Stock Ownership Plan F2
holding RLI Common Stock 61,514 30 Jan 2023 By Trust F1
holding RLI Common Stock 19,485 30 Jan 2023 Jonathan E. Michael Family Trust Number 2 F1
holding RLI Common Stock 0 30 Jan 2023 J.E. Michael 2012 Grantor Retained Annuity Trust Dtd 07/24/12 F1
holding RLI Common Stock 152,423 30 Jan 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 -2,000 -100% $0.000000* 0 30 Jan 2023 Common Stock 2,000 $54.27 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1,750 -100% $0.000000* 0 30 Jan 2023 Common Stock 1,750 $57.09 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1,750 -100% $0.000000* 0 30 Jan 2023 Common Stock 1,750 $61.66 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1,750 -100% $0.000000* 0 30 Jan 2023 Common Stock 1,750 $47.81 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -3,500 -100% $0.000000* 0 30 Jan 2023 Common Stock 3,500 $52.77 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -6,000 -100% $0.000000* 0 30 Jan 2023 Common Stock 6,000 $49.71 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -6,000 -100% $0.000000* 0 30 Jan 2023 Common Stock 6,000 $51.01 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -12,000 -80% $0.000000 3,000 30 Jan 2023 Common Stock 12,000 $57.42 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -11,000 -80% $0.000000 2,750 30 Jan 2023 Common Stock 11,000 $56.14 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -11,000 -80% $0.000000 2,750 30 Jan 2023 Common Stock 11,000 $68.59 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -8,250 -60% $0.000000 5,500 30 Jan 2023 Common Stock 8,250 $65.75 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -8,250 -60% $0.000000 5,500 30 Jan 2023 Common Stock 8,250 $59.16 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -3,000 -50% $0.000000 3,000 30 Jan 2023 Common Stock 3,000 $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.