RLI CORP — Director's Dealing 2009

Apr 27, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2009-04-24

Reporting Person: Kliethermes Craig W (VP, Actuarial RLI Insurance Co)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-16	Common Stock	J	5.057	$49.4399	Acquired	2708.206	Direct
2009-04-15	Common Stock	J	9.648	$51.8231	Acquired	2717.854	Direct
2009-04-24	Common Stock	J	84.3114	$47.68	Acquired	2157.6585	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1436.2772	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$50.15	2016-05-04	Common Stock (5000)	5000	Direct
Stock Option	$56.09	2017-05-03	Common Stock (9000)	9000	Direct
Stock Option	$50.00	2018-05-01	Common Stock (11000)	11000	Direct

Footnotes

F1: The securities herein were allocated to my account pursuant to the RLI Corp. Executive Deferred Compensation Agreement.

F2: Shares purchased through payroll deduction feature of the RLI Dividend Reinvestment Plan.