RLI CORP — Director's Dealing 2007

Oct 31, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2007-10-30

Reporting Person: BAILY JOHN THOMAS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-30	Common Stock	A	369	$57.57	Acquired	3093.262	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2199.1169	Indirect
Common Stock	2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$32.95	2013-08-28	Common Stock (3000)	3000	Direct
Stock Option	$40.39	2014-02-02	Common Stock (1233)	1233	Direct

Footnotes

F1: Issued pursuant to the Omnibus Stock Plan Outside Directors Fee Award Agreement

F2: Ownership reflects dividend reinvestment.