Michael J Stone Form 4 RLI / MICHAEL J STONE ownership change

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).

1. Name and Address of Reporting Person^*

STONE MICHAEL J

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/04/2021

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	11/11/2020		G	V	2,000	D	$100.37	233,370.1688	D(1)
Common Stock	12/09/2020		G	V	19,869	D	$100.76	968.55	I(1)	M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11
Common Stock	01/04/2021		J(2)		3,287.523	D	$0	0	I(1)	By Trust
Common Stock	01/04/2021		J(2)		3,287.523	A	$0	237,626.2418	D(1)
Common Stock	01/04/2021		S(3)		1,380	D	$101.61	236,246.2418	D(1)
Common Stock	12/11/2020		J(4)		968.55	D	$100.88	0	I(1)	M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11
Common Stock	12/11/2020		J(4)		968.55	A	$100.88	234,338.7188	D(1)
Common Stock								1,580	I	By Wife, Custodian UTMA-FL

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
Restricted Stock Unit	(5)							(6)	(6)	Common Stock	536		536	D

Explanation of Responses:

1. Ownership reflects dividend reinvestment

2. Quarterly distribution from the RLI Corp. Executive Deferred Compensation Plan to Michael J. Stone.

3. Sale of shares re payment of tax liability on quarterly deferred compensation distribution.

4. Share distribution from the M. J .Stone Grantor Retained Annuity Trust to M. J. Stone.

5. Upon vesting, each restricted stock unit represents the right to receive one share of common stock.

6. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2021 Annual Shareholders' Meeting or (2) one year after the date of grant.

	/s/ Jeffrey D. Fick, attorney-in-fact for Michael J. Stone	01/06/2021
	** 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).
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