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RLI CORP Director's Dealing 2003

Aug 4, 2003

30928_dirs_2003-08-04_eff12c2d-646b-42a5-94a9-4da1bb4cebaf.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2003-08-01

Reporting Person: SUTKOWSKI EDWARD F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-01	Common Stock	X	3750	$9.15	Acquired	91475.3217	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-01	Stock Option	$9.15	X	3750	Disposed	2006-05-02	Common Stock (3750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	73183.0607	Indirect
Common Stock	68970.0224	Indirect
Common Stock	3209.0912	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$13.95	2007-02-03	Common Stock (1500)	1500	Direct
Stock Option	$16.5938	2009-02-01	Common Stock (3000)	3000	Direct
Stock Option	$19.6	2008-02-02	Common Stock (1500)	1500	Direct
Stock Option	$22.7	2011-02-01	Common Stock (3600)	3600	Direct
Stock Option	$22.75	2012-02-01	Common Stock (1800)	1800	Direct
Stock Option	$27.51	2013-02-03	Common Stock ()		Direct