RLI CORP - Director's Dealing 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2005-10-25

Reporting Person: MICHAEL JONATHAN E (Director, President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-25	Common Stock	M	2250	$9.15	Acquired	116244.8889	Direct
2005-10-25	Common Stock	M	21000	$13	Acquired	137244.8889	Direct
2005-10-25	Common Stock	M	4864	$15.7813	Acquired	142108.8889	Direct
2005-10-25	Common Stock	M	1	$21.1	Acquired	142109.8889	Direct
2005-10-25	Common Stock	F	5561	$52.8	Disposed	136548.8889	Direct
2005-10-25	Common Stock	F	2631	$52.8	Disposed	133917.8889	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-25	Stock Option	$9.15	M	2250	Disposed	2006-05-02	Common Stock (2250)	Direct
2005-10-25	Stock Option	$13	M	21000	Disposed	2007-05-01	Common Stock (21000)	Direct
2005-10-25	Stock Option	$15.7813	M	4864	Disposed	2010-05-04	Common Stock (4864)	Direct
2005-10-25	Stock Option	$21.1	M	1	Disposed	2008-05-07	Common Stock (1)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$15.9063	2009-05-06	Common Stock (6290)	6290	Direct
Stock Option	$20.05	2011-05-03	Common Stock (60000)	60000	Direct
Stock Option	$29.335	2012-05-02	Common Stock (60000)	60000	Direct
Stock Option	$29.55	2013-05-01	Common Stock (60000)	60000	Direct
Stock Option	$35.08	2014-05-06	Common Stock (60000)	60000	Direct
Stock Option	$44.54	2015-05-05	Common Stock (45000)	45000	Direct

F1: Ownership reflects dividend reinvestment.

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

F5: Options balance adjusted to reflect 2 additional options received pursuant to the 1995 and 1998 stock splits.

F4: Ownership reflects dividend reinvestment.

F3: Ownership reflects dividend reinvestment.