RLI CORP - Director's Dealing 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2004-01-22

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-22	Common Stock	J	190.4451	—	Acquired	45813.3799	Indirect
2004-01-23	Common Stock	J	184.2836	—	Acquired	45997.6635	Indirect
2004-01-26	Common Stock	J	140.0332	—	Acquired	46137.6967	Indirect
2004-01-27	Common Stock	J	100.8239	—	Acquired	46238.5206	Indirect
2004-01-28	Common Stock	J	96.903	—	Acquired	46335.4236	Indirect
2004-01-29	Common Stock	J	25.206	—	Acquired	46360.6296	Indirect
2004-01-30	Common Stock	J	766.0465	$40.66	Acquired	8082.2566	Indirect

Security	Shares	Ownership
Common Stock	12104.015	Direct
Common Stock	600	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$9.15	2006-05-02	Common Stock (4500)	4500	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
Option	$15.9063	2009-05-06	Common Stock (21000)	21000	Direct

F1: Shares allocated pursuant to the RLI Corp. Employee Stock Ownership Plan.

F2: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F3: The securities herein were allocated to my account pursuant to the RLI Corp. Executive Deferred Compensation Agreement.

F4: Ownership reflects dividend reinvestment.