RLI CORP — Director's Dealing 2003

Jul 30, 2003

SEC Form 4/A — Form 4/A

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2003-06-20

Reporting Person: LENROW GERALD I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-06-20	Common Stock	J	294.2629	$31.8962	Acquired	32006.3494	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	902.694	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$9.15	2006-05-02	Common Stock ()	5700	Direct
Stock Option	$13.95	2007-02-03	Common Stock ()	1500	Direct
Stock Option	$16.5938	2009-02-01	Common Stock ()	3000	Direct
Stock Option	$19.6	2008-02-02	Common Stock ()	1500	Direct
Stock Option	$22.7	2011-02-01	Common Stock ()	3600	Direct
Stock Option	$22.75	2012-02-01	Common Stock ()	1800	Direct
Stock Option	$27.51	2013-02-03	Common Stock ()	1800	Direct

Footnotes

F1: The securities herein were allocated to my account pursuant to the RLI Corp. Directors' Irrevocable Trust Agreement.

F2: This Amended Form 4 is being filed to reflect Gerald I. Lenrow's current holdings. The Form 4 filed June 23, 2003, only reflected the transaction being reported. All non-derivative and derivative holdings were not reflected due to a technical software problem.

F3: Options are exercisable annually in 1/3 increments commencing one year from grant date.