SEC FORM 5

SEC FORM 5 SEC Form 5

FORM 5

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

ANNUAL 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).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

MICHAEL JONATHAN E

(Last)

(First)

(Middle)

9025 N. LINDBERGH DRIVE

(Street)

PEORIA

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. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2022

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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/21/2022		G	9,000	D	$130.59	716,042.1296	D⁽¹⁾
Common Stock							268,262.1007	I	By Empl. Stock Ownership Plan⁽²⁾
Common Stock							61,514.4106	I⁽¹⁾	By Trust
Common Stock							19,485.4078	I⁽¹⁾	Jonathan E. Michael Family Trust Number 2
Common Stock							152,423.3547	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 (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)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$90.64⁽³⁾						02/01/2022⁽⁴⁾	02/01/2029	Common Stock	13,334		13,334	D
Stock Option	$97.85⁽³⁾						02/01/2023⁽⁴⁾	02/01/2030	Common Stock	7,000		7,000	D
Stock Option	$106.02⁽³⁾						05/06/2022⁽⁴⁾	05/06/2029	Common Stock	7,000		7,000	D
Stock Option	$101.07⁽³⁾						08/02/2022⁽⁴⁾	08/02/2029	Common Stock	7,000		7,000	D
Stock Option	$86.24⁽³⁾						08/21/2021⁽⁴⁾	08/21/2028	Common Stock	13,333		13,333	D
Stock Option	$103.02⁽³⁾						11/01/2022⁽⁴⁾	11/01/2029	Common Stock	7,000		7,000	D
Stock Option	$82.28⁽³⁾						11/02/2021⁽⁴⁾	11/02/2028	Common Stock	13,333		13,333	D
Stock Option	$89.32⁽³⁾						11/01/2020⁽⁴⁾	11/01/2027	Common Stock	12,500		12,500	D
Stock Option	$54.27⁽³⁾						02/01/2017⁽⁴⁾	02/01/2024	Common Stock	2,000		2,000	D
Stock Option	$57.09⁽³⁾						05/05/2017⁽⁴⁾	05/05/2024	Common Stock	1,750		1,750	D
Stock Option	$61.66⁽³⁾						08/01/2017⁽⁴⁾	08/01/2024	Common Stock	1,750		1,750	D
Stock Option	$47.81⁽³⁾						11/01/2017⁽⁴⁾	11/01/2024	Common Stock	1,750		1,750	D
Stock Option	$52.77⁽³⁾						02/01/2018⁽⁴⁾	02/01/2025	Common Stock	3,500		3,500	D
Stock Option	$49.71⁽³⁾						05/04/2018⁽⁴⁾	05/04/2025	Common Stock	6,000		6,000	D
Stock Option	$51.01⁽³⁾						08/01/2018⁽⁴⁾	08/01/2025	Common Stock	6,000		6,000	D
Stock Option	$51.73⁽³⁾						11/01/2018⁽⁴⁾	11/01/2025	Common Stock	6,000		6,000	D
Stock Option	$57.42⁽³⁾						02/01/2019⁽⁴⁾	02/01/2026	Common Stock	15,000		15,000	D
Stock Option	$56.14⁽³⁾						05/03/2019⁽⁴⁾	05/03/2026	Common Stock	13,750		13,750	D
Stock Option	$68.59⁽³⁾						08/01/2019⁽⁴⁾	08/01/2026	Common Stock	13,750		13,750	D
Stock Option	$65.75⁽³⁾						11/01/2019⁽⁴⁾	11/01/2026	Common Stock	13,750		13,750	D
Stock Option	$59.16⁽³⁾						02/01/2020⁽⁴⁾	02/01/2027	Common Stock	13,750		13,750	D
Stock Option	$75.66⁽³⁾						05/02/2020⁽⁴⁾	05/02/2027	Common Stock	12,500		12,500	D
Stock Option	$82.47⁽³⁾						08/01/2020⁽⁴⁾	08/01/2027	Common Stock	12,500		12,500	D
Stock Option	$87.62⁽³⁾						02/03/2021⁽⁴⁾	02/03/2028	Common Stock	12,500		12,500	D

Explanation of Responses:

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 commencing one year from grant date and each year thereafter in 20% increments.

	/s/ Jonathan E. Michael	02/01/2023
	** 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.

SEC Form 5: Michael Jonathan E gifted 9,000 shares