RLI CORP — Director's Dealing 2007

Jan 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2006-12-28

Reporting Person: VIETS ROBERT O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-28	Common Stock	J	23203	—	Acquired	26785.631	Direct
2006-12-28	Common Stock	J	23203	—	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32202.2047	Indirect
Common Stock	4215.8874	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$16.5938	2009-02-01	Common Stock (3000)	3000	Direct
Stock Option	$22.7	2011-02-01	Common Stock (3600)	3600	Direct
Stock Option	$22.75	2012-02-01	Common Stock (1800)	1800	Direct
Stock Option	$27.51	2013-02-03	Common Stock (1800)	1800	Direct
Stock Option	$40.39	2014-02-02	Common Stock (3600)	3600	Direct

Footnotes

F2: Ownership reflects dividend reinvestment.

F4: Ownership reflects dividend reinvestment.

F1: Shares transferred from K. Viets, Trustee of the RO Viets Florida Intangible Trust.

F3: Shares transferred to the RO Viets Revocable Trust