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
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 $109K +2K +0.28% $54.27 718K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $99.9K +1.75K +0.24% $57.09 720K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $108K +1.75K +0.24% $61.66 722K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $83.7K +1.75K +0.24% $47.81 723K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $185K +3.5K +0.48% $52.77 727K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $298K +6K +0.83% $49.71 733K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $306K +6K +0.82% $51.01 739K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $689K +12K +1.62% $57.42 751K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $618K +11K +1.47% $56.14 762K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $754K +11K +1.44% $68.57 773K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $542K +8.25K +1.07% $65.75 781K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $488K +8.25K +1.06% $59.16 789K 30 Jan 2023 Direct F1
transaction RLI Common Stock Tax liability -$6.87M -52.8K -6.7% $130.05 736K 30 Jan 2023 Direct F1
transaction RLI Common Stock Options Exercise $155K +3K +0.41% $51.73 739K 30 Jan 2023 Direct F1
holding RLI Common Stock 268K 30 Jan 2023 By Empl. Stock Ownership Plan F2
holding RLI Common Stock 61.5K 30 Jan 2023 By Trust F1
holding RLI Common Stock 19.5K 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 152K 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 -2K -100% $0.00* 0 30 Jan 2023 Common Stock 2K $54.27 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1.75K -100% $0.00* 0 30 Jan 2023 Common Stock 1.75K $57.09 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1.75K -100% $0.00* 0 30 Jan 2023 Common Stock 1.75K $61.66 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -1.75K -100% $0.00* 0 30 Jan 2023 Common Stock 1.75K $47.81 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -3.5K -100% $0.00* 0 30 Jan 2023 Common Stock 3.5K $52.77 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -6K -100% $0.00* 0 30 Jan 2023 Common Stock 6K $49.71 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -6K -100% $0.00* 0 30 Jan 2023 Common Stock 6K $51.01 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -12K -80% $0.00 3K 30 Jan 2023 Common Stock 12K $57.42 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -11K -80% $0.00 2.75K 30 Jan 2023 Common Stock 11K $56.14 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -11K -80% $0.00 2.75K 30 Jan 2023 Common Stock 11K $68.59 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -8.25K -60% $0.00 5.5K 30 Jan 2023 Common Stock 8.25K $65.75 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -8.25K -60% $0.00 5.5K 30 Jan 2023 Common Stock 8.25K $59.16 Direct F3, F4
transaction RLI Stock Option Options Exercise $0 -3K -50% $0.00 3K 30 Jan 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.