RLI CORP — Director's Dealing 2011

Aug 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-08-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-15	Common Stock	S	300	$61.25	Disposed	80806.015	Direct
2011-08-15	Common Stock	S	300	$61.27	Disposed	80506.015	Direct
2011-08-15	Common Stock	S	300	$61.28	Disposed	80206.015	Direct
2011-08-15	Common Stock	S	500	$61.404	Disposed	79706.015	Direct
2011-08-15	Common Stock	S	300	$61.43	Disposed	79406.015	Direct
2011-08-15	Common Stock	S	300	$61.5033	Disposed	79106.015	Direct
2011-08-15	Common Stock	S	500	$61.492	Disposed	78606.015	Direct
2011-08-15	Common Stock	S	300	$61.63	Disposed	78306.015	Direct
2011-08-15	Common Stock	S	600	$61.65	Disposed	77706.015	Direct
2011-08-15	Common Stock	S	300	$61.72	Disposed	77406.015	Direct
2011-08-15	Common Stock	S	1200	$61.70	Disposed	76206.015	Direct
2011-08-15	Common Stock	S	300	$61.78	Disposed	75906.015	Direct
2011-08-15	Common Stock	S	300	$61.73	Disposed	75606.015	Direct
2011-08-15	Common Stock	S	600	$61.75	Disposed	75006.015	Direct
2011-08-15	Common Stock	S	800	$61.76	Disposed	74206.015	Direct
2011-08-15	Common Stock	S	300	$61.81	Disposed	73906.015	Direct
2011-08-15	Common Stock	S	300	$61.74	Disposed	73606.015	Direct
2011-08-15	Common Stock	S	300	$61.80	Disposed	73306.015	Direct
2011-08-15	Common Stock	S	500	$61.6731	Disposed	72806.015	Direct
2011-08-15	Common Stock	S	300	$61.83	Disposed	72506.015	Direct
2011-08-15	Common Stock	S	300	$61.85	Disposed	72206.015	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.