RLI CORP — Director's Dealing 2004

Dec 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2004-12-30

Reporting Person: DONDANVILLE JOSEPH E (Senior Vice President/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-30	Common Stock	J	200	—	Disposed	400	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15556.015	Direct
Common Stock	46362.9391	Indirect
Common Stock	8162.1646	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$15.9063	2009-05-06	Common Stock (21000)	21000	Direct
Stock Option	$13	2007-05-01	Common Stock (10750)	10750	Direct
Stock Option	$15.7813	2010-05-04	Common Stock (20000)	20000	Direct
Stock Option	$20.05	2011-05-03	Common Stock (22000)	22000	Direct
Stock Option	$21.1	2008-05-07	Common Stock (18752)	18752	Direct
Stock Option	$29.335	2012-05-02	Common Stock (32000)	32000	Direct
Stock Option	$29.55	2013-05-01	Common Stock (28000)	28000	Direct
Stock Option	$35.08	2014-05-06	Common Stock (28000)	28000	Direct

Footnotes

F3: Daughter's legal residence is no longer Reporting Person's.

F1: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F2: Ownership reflects dividend reinvestment.