RLI CORP — Director's Dealing 2003

Aug 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2003-08-15

Reporting Person: STEPHENS GERALD D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-15	Common Stock	P	14	$33.25	Acquired	1033167.1736	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31489.8367	Indirect
Common Stock	70356	Indirect
Common Stock	3647.505	Indirect
Common Stock	111867.7583	Indirect
Common Stock	10357.5105	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$8.24	2005-05-11	Common Stock (68436)	68436	Direct
Stock Option	$9.15	2006-05-02	Common Stock (54250)	54250	Direct
Stock Option	$13	2007-05-01	Common Stock (83000)	83000	Direct
Stock Option	$15.7813	2010-05-04	Common Stock (56000)	56000	Direct
Stock Option	$20.05	2011-05-03	Common Stock (1800)	1800	Direct
Stock Option	$21.1	2008-05-07	Common Stock (82500)	82500	Direct
Stock Option	$29.405	2012-05-01	Common Stock (1800)	1800	Direct
Stock Option	$29.55	2013-05-01	Common Stock (1800)	1800	Direct
Option	$15.9063	2009-05-06	Common Stock (61400)	61400	Direct