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RLI CORP Director's Dealing 2007

Nov 16, 2007

30928_dirs_2007-11-16_4715e1ce-7f06-438f-a817-2873c4d350e8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2007-11-15

Reporting Person: MICHAEL JONATHAN E (Director, President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-11-15 Common Stock J 100.402 $59.7599 Acquired 143196.2051 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 62309.9657 Indirect
Common Stock 34986.6352 Indirect
Common Stock 14117.8762 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Option $15.9063 2009-05-06 Common Stock (6290) 6290 Direct
Stock Option $15.7813 2010-05-04 Common Stock (6336) 6336 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
Stock Option $47.44 2016-08-04 Common Stock (10500) 10500 Direct
Stock Option $50.15 2016-05-04 Common Stock (10500) 10500 Direct
Stock Option $54.04 2016-11-03 Common Stock (10500) 10500 Direct
Stock Option $56.03 2017-11-02 Common Stock (10500) 10500 Direct
Stock Option $56.09 2017-05-03 Common Stock (10500) 10500 Direct
Stock Option $56.21 2017-02-02 Common Stock (10500) 10500 Direct
Stock Option $56.67 2017-08-03 Common Stock (10500) 10500 Direct

Footnotes

F2: Ownership reflects dividend reinvestment.

F3: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F1: Shares purchased through payroll deduction feature of the RLI Dividend Reinvestment Plan.

F5: Ownership reflects dividend reinvestment.

F6: Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.

F4: Ownership reflects dividend reinvestment.

F7: Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.