Seth A. Davis - 06 May 2021 Form 4 Insider Report for RLI CORP (RLI)

Role
Vice President, Controller
Signature
/s/ Seth Anthony Davis
Issuer symbol
RLI
Transactions as of
06 May 2021
Net transactions value
+$16,953
Form type
4
Filing time
10 May 2021, 16:12:17 UTC
Next filing
23 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RLI Common Stock 300 06 May 2021 Direct
holding RLI Common Stock 4,612 06 May 2021 RLI Corp. Executive Deferred Compensation Plan F1
holding RLI Common Stock 13,308 06 May 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 Award $0 +4,000 $0.000000 4,000 06 May 2021 Common Stock 4,000 $113.02 Direct F3
transaction RLI Restricted Stock Unit Award $16,953 +150 $113.02 150 06 May 2021 Common Stock 150 Direct F4, F5
holding RLI Stock Option 9,000 06 May 2021 Common Stock 9,000 $38.21 Direct F3, F6
holding RLI Stock Option 9,000 06 May 2021 Common Stock 9,000 $47.61 Direct F3, F6
holding RLI Stock Option 6,000 06 May 2021 Common Stock 6,000 $64.09 Direct F3
holding RLI Stock Option 9,000 06 May 2021 Common Stock 9,000 $56.71 Direct F3
holding RLI Stock Option 7,000 06 May 2021 Common Stock 7,000 $63.14 Direct F3
holding RLI Stock Option 6,000 06 May 2021 Common Stock 6,000 $82.66 Direct F3
holding RLI Stock Option 5,000 06 May 2021 Common Stock 5,000 $93.24 Direct F3
holding RLI Restricted Stock Unit 250 06 May 2021 Common Stock 250 Direct F4, F7
holding RLI Restricted Stock Unit 200 06 May 2021 Common Stock 200 Direct F4, F5, F7
* 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 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.
F4 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F5 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
F6 Exercise price reflects prior adjustments as a result of special dividends.
F7 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.