# EDGAR Filing Document

**Accession Number:** 0000084246
**File Stem:** 0001127602-23-002995
**Filing Date:** 2023-2
**Character Count:** 9645
**Document Hash:** f899f354be933696cefad0ae3555dc43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001127602-23-002995.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001127602-23-002995

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230130

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** MICHAEL JONATHAN E
- **CENTRAL INDEX KEY:** 0001192701
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09463
- **FILM NUMBER:** 23578646

**MAIL ADDRESS:**
- **STREET 1:** C/O RLI CORP
- **STREET 2:** 9025 N. LINDBERGH DR.
- **CITY:** PEORIA
- **STATE:** IL
- **ZIP:** 61615
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RLI CORP
- **CENTRAL INDEX KEY:** 0000084246
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **IRS NUMBER:** 370889946
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 9025 N. LINDBERGH DRIVE
- **CITY:** PEORIA
- **STATE:** IL
- **ZIP:** 61615
- **BUSINESS PHONE:** 3096921000

**MAIL ADDRESS:**
- **STREET 1:** 9025 N. LINDBERGH DRIVE
- **CITY:** PEORIA
- **STATE:** IL
- **ZIP:** 61615

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>MICHAEL JONATHAN E<br><sub>(Last) (First) (Middle)</sub><br>9025 N. LINDBERGH DRIVE<br><sub>(Street)</sub><br>PEORIA, IL 61615<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>RLI CORP [ RLI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-30 |  | M |  | 2000 | A | $54.27 | 718042.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 1750 | A | $57.09 | 719792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 1750 | A | $61.66 | 721542.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 1750 | A | $47.81 | 723292.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 3500 | A | $52.77 | 726792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 6000 | A | $49.71 | 732792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 6000 | A | $51.01 | 738792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 12000 | A | $57.42 | 750792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 11000 | A | $56.14 | 761792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 11000 | A | $68.57 | 772792.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 8250 | A | $65.75 | 781042.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 8250 | A | $59.16 | 789292.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | F |  | 52845 | D | $130.05 | 736447.1296 | D<sup>(1)</sup> |  |
| Common Stock | 2023-01-30 |  | M |  | 3000 | A | $51.73 | 739447.1296 | D<sup>(1)</sup> |  |
| Common Stock |  |  |  |  |  |  |  | 268262.1007 | I | By Empl. Stock Ownership Plan<sup>(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 61514.4106 | I<sup>(1)</sup> | By Trust |
| Common Stock |  |  |  |  |  |  |  | 19485.4078 | I<sup>(1)</sup> | Jonathan E. Michael Family Trust Number 2 |
| Common Stock |  |  |  |  |  |  |  | 0 | I<sup>(1)</sup> | J.E. Michael 2012 Grantor Retained Annuity Trust Dtd 07/24/12 |
| Common Stock |  |  |  |  |  |  |  | 152423.3547 | I<sup>(1)</sup> | By Key Employee Benefit Plan |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option | 54.27<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 2000 | 2017-02-01<sup>(4)</sup> | 2024-02-01 | Common Stock | 2000 | $0 | 0 | D |  |
| Stock Option | 57.09<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 1750 | 2017-05-05<sup>(4)</sup> | 2024-05-05 | Common Stock | 1750 | $0 | 0 | D |  |
| Stock Option | 61.66<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 1750 | 2017-08-01<sup>(4)</sup> | 2024-08-01 | Common Stock | 1750 | $0 | 0 | D |  |
| Stock Option | 47.81<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 1750 | 2017-11-01<sup>(4)</sup> | 2024-11-01 | Common Stock | 1750 | $0 | 0 | D |  |
| Stock Option | 52.77<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 3500 | 2018-02-01<sup>(4)</sup> | 2025-02-01 | Common Stock | 3500 | $0 | 0 | D |  |
| Stock Option | 49.71<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 6000 | 2018-05-04<sup>(4)</sup> | 2025-05-04 | Common Stock | 6000 | $0 | 0 | D |  |
| Stock Option | 51.01<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 6000 | 2018-08-01<sup>(4)</sup> | 2025-08-01 | Common Stock | 6000 | $0 | 0 | D |  |
| Stock Option | 57.42<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 12000 | 2019-02-01<sup>(4)</sup> | 2026-02-01 | Common Stock | 12000 | $0 | 3000 | D |  |
| Stock Option | 56.14<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 11000 | 2019-05-03<sup>(4)</sup> | 2026-05-03 | Common Stock | 11000 | $0 | 2750 | D |  |
| Stock Option | 68.59<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 11000 | 2019-08-01<sup>(4)</sup> | 2026-08-01 | Common Stock | 11000 | $0 | 2750 | D |  |
| Stock Option | 65.75<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 8250 | 2019-11-01<sup>(4)</sup> | 2026-11-01 | Common Stock | 8250 | $0 | 5500 | D |  |
| Stock Option | 59.16<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 8250 | 2020-02-01<sup>(4)</sup> | 2027-02-01 | Common Stock | 8250 | $0 | 5500 | D |  |
| Stock Option | 51.73<sup>(3)</sup> | 2023-01-30 |  | M |  |  | 3000 | 2018-11-01<sup>(4)</sup> | 2025-11-01 | Common Stock | 3000 | $0 | 3000 | D |  |

---

### Footnotes:

(1) Ownership reflects dividend reinvestment

(2) Balance reflects annual company contributions and dividend reinvestment.

(3) Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.

(4) 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.

**Signature:** /s/ Jonathan E. Michael  
**Date:** 2023-02-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**