RLI CORP — Director's Dealing 2006

Nov 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2006-11-28

Reporting Person: STEPHENS GERALD D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-28	Common Stock	G	47000	$55.47	Disposed	1115538.9212	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18483.6572	Indirect
Common Stock	95313.4913	Indirect
Common Stock	28582.0399	Indirect
Common Stock	3692	Indirect
Common Stock	68935	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$15.9063	2009-05-06	Common Stock (55114)	55114	Direct
Stock Option	$15.7813	2010-05-04	Common Stock (49664)	49664	Direct
Stock Option	$20.05	2011-05-03	Common Stock (1440)	1440	Direct
Stock Option	$21.1	2008-05-07	Common Stock (77762)	77762	Direct
Stock Option	$29.405	2012-05-01	Common Stock (1080)	1080	Direct
Stock Option	$29.55	2013-05-01	Common Stock (720)	720	Direct
Stock Option	$34.55	2014-05-03	Common Stock (360)	360	Direct
Stock Option	$40.39	2014-02-02	Common Stock (360)	360	Direct

Footnotes

F2: Ownership reflects dividend reinvestment.

F3: Ownership reflects dividend reinvestment.

F1: Ownership reflects dividend reinvestment.