Seth A. Davis - 22 Nov 2021 Form 4 Insider Report for RLI CORP (RLI)

Role
Vice President, Controller
Signature
Seth Anthony Davis
Issuer symbol
RLI
Transactions as of
22 Nov 2021
Net transactions value
-$302,657
Form type
4
Filing time
23 Nov 2021, 14:15:54 UTC
Previous filing
10 May 2021
Next filing
09 Feb 2022
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 $343,890 +9,000 +3000% $38.21 9,300 22 Nov 2021 Direct
transaction RLI Common Stock Tax liability $646,547 -5,666 -61% $114.11 3,634 22 Nov 2021 Direct
holding RLI Common Stock 4,635 22 Nov 2021 RLI Corp. Executive Deferred Compensation Plan F1
holding RLI Common Stock 13,373 22 Nov 2021 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 +9,000 $0.000000* 0 22 Nov 2021 Common Stock 9,000 $38.21 Direct F3, F4
holding RLI Stock Option 9,000 22 Nov 2021 Common Stock 9,000 $47.61 Direct F3, F4
holding RLI Stock Option 6,000 22 Nov 2021 Common Stock 6,000 $64.09 Direct F4
holding RLI Stock Option 9,000 22 Nov 2021 Common Stock 9,000 $56.71 Direct F4
holding RLI Stock Option 7,000 22 Nov 2021 Common Stock 7,000 $63.14 Direct F4
holding RLI Stock Option 6,000 22 Nov 2021 Common Stock 6,000 $82.66 Direct F4
holding RLI Stock Option 5,000 22 Nov 2021 Common Stock 5,000 $93.24 Direct F4
holding RLI Restricted Stock Unit 150 22 Nov 2021 Common Stock 150 Direct F5, F6
holding RLI Stock Option 4,000 22 Nov 2021 Common Stock 4,000 $113.02 Direct 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 Exercise price reflects prior adjustments as a result of special dividends.
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.
F5 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F6 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.