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

Role
Vice President, Controller
Signature
Seth Anthony Davis
Stock symbol
RLI
Transactions as of
Nov 22, 2021
Transactions value $
-$302,657
Form type
4
Date filed
11/23/2021, 02:15 PM
Previous filing
May 10, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $344K +9K +3000% $38.21 9.3K Nov 22, 2021 Direct
transaction RLI Common Stock Tax liability -$647K -5.67K -60.92% $114.11 3.63K Nov 22, 2021 Direct
holding RLI Common Stock 4.63K Nov 22, 2021 RLI Corp. Executive Deferred Compensation Plan F1
holding RLI Common Stock 13.4K Nov 22, 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 +9K $0.00* 0 Nov 22, 2021 Common Stock 9K $38.21 Direct F3, F4
holding RLI Stock Option 9K Nov 22, 2021 Common Stock 9K $47.61 Direct F3, F4
holding RLI Stock Option 6K Nov 22, 2021 Common Stock 6K $64.09 Direct F4
holding RLI Stock Option 9K Nov 22, 2021 Common Stock 9K $56.71 Direct F4
holding RLI Stock Option 7K Nov 22, 2021 Common Stock 7K $63.14 Direct F4
holding RLI Stock Option 6K Nov 22, 2021 Common Stock 6K $82.66 Direct F4
holding RLI Stock Option 5K Nov 22, 2021 Common Stock 5K $93.24 Direct F4
holding RLI Restricted Stock Unit 150 Nov 22, 2021 Common Stock 150 Direct F5, F6
holding RLI Stock Option 4K Nov 22, 2021 Common Stock 4K $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.