RLI CORP — Director's Dealing 2004

Nov 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2004-11-02

Reporting Person: KEANE WILLIAM R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-02	Common Stock	S	11213	$38.0173	Disposed	36581.401	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28486	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$22.75	2012-02-01	Common Stock (600)	600	Direct
Stock Option	$27.51	2013-02-03	Common Stock (1200)	1200	Direct
Stock Option	$40.39	2014-02-02	Common Stock (3600)	3600	Direct

Footnotes

F1: Ownership reflects dividend reinvestment.