SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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 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*
Kliethermes Craig W
(Last) (First) (Middle)
9025 N. LINDBERGH DRIVE
(Street)
PEORIA IL 61615
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RLI CORP [ RLI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF EXECUTIVE OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
07/30/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/30/2024 M 4,000 A $56.14 64,654 D(1)
Common Stock 07/30/2024 F 2,506 D $150.33 62,148 D
Common Stock 7,659.29 I(2) By Esop
Common Stock 11,293.269 I(1) By Executive Deferred Comp
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 $56.14(3) 07/30/2024 M 4,000 05/03/2019(4) 05/03/2026 Common Stock 4,000 $0 0 D
Stock Option $75.66(3) 05/02/2020(4) 05/02/2027 Common Stock 17,500 21,000 D
Stock Option $86.24(3) 08/21/2021(4) 08/21/2028 Common Stock 20,000 20,000 D
Stock Option $106.02(3) 05/06/2022(4) 05/06/2029 Common Stock 14,000 14,000 D
Stock Option $109.6(3) 05/05/2023(4) 05/05/2030 Common Stock 75,000 75,000 D
Stock Option $136.59(3) 05/04/2024(4) 05/04/2031 Common Stock 7,500 7,500 D
Stock Option $134.41 08/01/2024(4) 08/01/2031 Common Stock 7,500 7,500 D
Stock Option $135.22 11/01/2024 11/01/2031 Common Stock 7,500 7,500 D
Stock Option $135.22 02/01/2025 02/01/2032 Common Stock 7,500 7,500 D
Stock Option $143.15 05/02/2025 05/02/2032 Common Stock 7,250 7,250 D
Explanation of Responses:
1. Ownership reflects dividend reinvestment.
2. Ownership reflects shares allocated to ESOP participant's account 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 commencing one year from grant date and each year thereafter in 20% increments.
/s/ Craig W. Kliethermes 07/31/2024
** Signature of Reporting Person Date
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.
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