RLI CORP — Director's Dealing 2011

Aug 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-08-16

Reporting Person: DONDANVILLE JOSEPH E (Senior Vice President/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-16	Common Stock	S	600	$61.30	Disposed	71606.015	Direct
2011-08-16	Common Stock	S	300	$61.42	Disposed	71306.015	Direct
2011-08-16	Common Stock	S	300	$61.52	Disposed	71006.015	Direct
2011-08-16	Common Stock	S	300	$61.68	Disposed	70706.015	Direct
2011-08-16	Common Stock	S	300	$61.60	Disposed	70406.015	Direct
2011-08-16	Common Stock	S	600	$61.10	Disposed	69806.015	Direct
2011-08-16	Common Stock	S	300	$61.1067	Disposed	69506.015	Direct
2011-08-16	Common Stock	S	300	$61.24	Disposed	69206.015	Direct
2011-08-16	Common Stock	S	300	$61.30	Disposed	68906.015	Direct
2011-08-16	Common Stock	S	300	$61.32	Disposed	68606.015	Direct
2011-08-16	Common Stock	S	600	$61.40	Disposed	68006.015	Direct
2011-08-16	Common Stock	S	300	$61.49	Disposed	67706.015	Direct
2011-08-16	Common Stock	S	300	$61.53	Disposed	67406.015	Direct
2011-08-16	Common Stock	S	200	$61.58	Disposed	67206.015	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27489.6065	Indirect
Common Stock	10388.3651	Indirect
Common Stock	12276	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$37.54	2015-05-05	Common Stock (10000)	10000	Direct
Stock Option	$43.15	2016-05-04	Common Stock (17500)	17500	Direct
Stock Option	$49.09	2017-05-03	Common Stock (18000)	18000	Direct
Stock Option	$43.00	2018-05-01	Common Stock (5000)	5000	Direct
Stock Option	$47.36	2018-08-01	Common Stock (5000)	5000	Direct
Stock Option	$49.73	2018-11-03	Common Stock (5000)	5000	Direct
Stock Option	$49.89	2019-02-02	Common Stock (5000)	5000	Direct
Stock Option	$39.90	2017-05-07	Common Stock (4700)	4700	Direct
Stock Option	$43.49	2017-08-03	Common Stock (4700)	4700	Direct
Stock Option	$42.90	2017-11-02	Common Stock (4700)	4700	Direct
Stock Option	$44.62	2018-02-01	Common Stock (4700)	4700	Direct
Stock Option	$49.34	2018-05-06	Common Stock (4000)	4000	Direct
Stock Option	$49.20	2018-08-02	Common Stock (4000)	4000	Direct
Stock Option	$50.26	2018-11-01	Common Stock (4000)	4000	Direct
Stock Option	$55.28	2019-02-01	Common Stock (4000)	4000	Direct
Stock Option	$58.73	2019-05-05	Common Stock (4000)	4000	Direct
Stock Option	$62.62	2019-08-01	Common Stock (4000)	4000	Direct

Footnotes

F1: The transactions reported on this Form 4 reflect the sale of shares held in the Reporting Person's 401k brokerage account.

F2: Ownership reflects dividend reinvestment.

F3: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F4: 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.