Sec Form 5 Filing - MICHAEL JONATHAN E @ RLI CORP - 2019-12-31

Insider filing report for Changes in Beneficial Ownership
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FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MICHAEL JONATHAN E
2. Issuer Name and Ticker or Trading Symbol
RLI CORP [ RLI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
9025 N. LINDBERGH DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2019
(Street)
PEORIA, IL61615
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 743,521.5508 D ( 1 )
Common Stock 253,880.1417 I By Empl. Stock Ownership Plan ( 2 )
Common Stock 55,145.7127 I ( 1 ) By Trust
Common Stock 21,903.0191 I ( 1 ) Jonathan E. Michael Family Trust Number 2
Common Stock 136,642.6657 I ( 1 ) By Key Employee Benefit Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 96.32 11/01/2020( 3 ) 11/01/2027 Common Stock 12,500 12,500 D
Stock Option $ 44.26 ( 4 ) ( 5 ) 11/03/2015( 3 ) 11/03/2022 Common Stock 3,000 3,000 D
Stock Option $ 46.82 ( 4 ) 02/02/2016( 3 ) 02/02/2023 Common Stock 3,000 3,000 D
Stock Option $ 47.61 ( 4 ) 05/07/2016( 3 ) 05/07/2023 Common Stock 2,000 2,000 D
Stock Option $ 54.14 ( 4 ) 08/03/2016( 3 ) 08/03/2023 Common Stock 4,000 4,000 D
Stock Option $ 59.04 ( 4 ) 11/02/2016( 3 ) 11/02/2023 Common Stock 4,000 4,000 D
Stock Option $ 61.27 02/01/2017( 3 ) 02/01/2024 Common Stock 10,000 10,000 D
Stock Option $ 64.09 05/05/2017( 3 ) 05/05/2024 Common Stock 8,750 8,750 D
Stock Option $ 68.66 08/01/2017( 3 ) 08/01/2024 Common Stock 8,750 8,750 D
Stock Option $ 54.81 11/01/2017( 3 ) 11/01/2024 Common Stock 8,750 8,750 D
Stock Option $ 59.77 02/01/2018( 3 ) 02/01/2025 Common Stock 8,750 8,750 D
Stock Option $ 56.71 05/04/2018( 3 ) 05/04/2025 Common Stock 15,000 15,000 D
Stock Option $ 58.01 08/01/2018( 3 ) 08/01/2025 Common Stock 15,000 15,000 D
Stock Option $ 58.73 11/01/2018( 3 ) 11/01/2025 Common Stock 15,000 15,000 D
Stock Option $ 64.42 02/01/2019( 3 ) 02/01/2026 Common Stock 15,000 15,000 D
Stock Option $ 63.14 05/03/2019( 3 ) 05/03/2026 Common Stock 13,750 13,750 D
Stock Option $ 75.59 08/01/2019( 3 ) 08/01/2026 Common Stock 13,750 13,750 D
Stock Option $ 72.75 11/01/2019( 3 ) 11/01/2026 Common Stock 13,750 13,750 D
Stock Option $ 66.16 02/01/2020( 3 ) 02/01/2027 Common Stock 13,750 13,750 D
Stock Option $ 82.66 05/02/2020( 3 ) 05/02/2027 Common Stock 12,500 12,500 D
Stock Option $ 89.47 08/01/2020( 3 ) 08/01/2027 Common Stock 12,500 12,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MICHAEL JONATHAN E
9025 N. LINDBERGH DRIVE
PEORIA, IL61615
X President & CEO
Signatures
/s/ Jonathan E. Michael 01/31/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Ownership reflects dividend reinvestment
( 2 )Balance reflects annual company contributions and dividend reinvestment.
( 3 )Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencingone year from grant date and each year thereafter in 20% increments.
( 4 )Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
( 5 )Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.

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