RLI CORP — Director's Dealing 2004

Sep 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2004-09-13

Reporting Person: SUTKOWSKI EDWARD F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-13	Common Stock	S	8532	$38.5892	Disposed	92594.1083	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70843.8715	Indirect
Common Stock	74078.1245	Indirect
Common Stock	3248.3399	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.

F4: Ownership reflects dividend reinvestment.

F3: Ownership reflects dividend reinvestment.

F2: Ownership reflects dividend reinvestment.