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RLI CORP Director's Dealing 2008

Aug 4, 2008

30928_dirs_2008-08-04_f2a6c2b4-2bc3-4c12-861b-843dc743d519.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2008-08-01

Reporting Person: MICHAEL JONATHAN E (Director, President)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-08-01 Stock Option $54.36 A 10500 Acquired 2018-08-01 Common Stock (10500) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 143458.5521 Direct
Common Stock 63729.15 Indirect
Common Stock 35487.2952 Indirect
Common Stock 14320.1725 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 2018-05-01 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 $55.41 2018-02-01 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

F1: Ownership reflects dividend reinvestment.

F8: Amended to reflect corrected closing price.

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

F9: 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.

F5: 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.

F3: 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.