Jennifer L. Klobnak - 13 Dec 2022 Form 4 Insider Report for RLI CORP (RLI)

Role
Chief Operating Officer
Signature
/s/ Jennifer L. Klobnak
Issuer symbol
RLI
Transactions as of
13 Dec 2022
Net transactions value
-$772,576
Form type
4
Filing time
15 Dec 2022, 15:10:49 UTC
Previous filing
31 May 2022
Next filing
01 Feb 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 $1,093,620 +22,000 +86% $49.71 47,707 13 Dec 2022 Direct F1
transaction RLI Common Stock Tax liability $1,866,196 -14,470 -30% $128.97 33,237 13 Dec 2022 Direct F1
holding RLI Common Stock 18,337 13 Dec 2022 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 -22,000 -100% $0.000000* 0 13 Dec 2022 Common Stock 22,000 $49.71 Direct F3, F4
holding RLI Stock Option 20,000 13 Dec 2022 Common Stock 20,000 $86.24 Direct F3, F4
holding RLI Stock Option 14,000 13 Dec 2022 Common Stock 14,000 $106.02 Direct F3, F4
holding RLI Stock Option 43,000 13 Dec 2022 Common Stock 43,000 $109.60 Direct F3, F4
holding RLI Stock Option 20,000 13 Dec 2022 Common Stock 20,000 $56.14 Direct F3, F4
holding RLI Stock Option 20,000 13 Dec 2022 Common Stock 20,000 $75.66 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance 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 11-1-2022.
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.