RLI CORP — Director's Dealing 2011

Aug 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-08-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-09	Common Stock	S	200	$58.58	Disposed	110206.015	Direct
2011-08-09	Common Stock	S	300	$58.605	Disposed	109906.015	Direct
2011-08-09	Common Stock	S	1000	$58.61	Disposed	108906.015	Direct
2011-08-09	Common Stock	S	300	$58.65	Disposed	108606.015	Direct
2011-08-09	Common Stock	S	100	$58.66	Disposed	108506.015	Direct
2011-08-09	Common Stock	S	100	$58.665	Disposed	108406.015	Direct
2011-08-09	Common Stock	S	100	$58.67	Disposed	108306.015	Direct
2011-08-09	Common Stock	S	2100	$58.675	Disposed	106206.015	Direct
2011-08-09	Common Stock	S	200	$58.685	Disposed	106006.015	Direct
2011-08-09	Common Stock	S	200	$58.69	Disposed	105806.015	Direct
2011-08-09	Common Stock	S	300	$58.695	Disposed	105506.015	Direct
2011-08-09	Common Stock	S	100	$58.70	Disposed	105406.015	Direct
2011-08-09	Common Stock	S	100	$58.705	Disposed	105306.015	Direct
2011-08-09	Common Stock	S	400	$58.71	Disposed	104906.015	Direct
2011-08-09	Common Stock	S	200	$58.715	Disposed	104706.015	Direct
2011-08-09	Common Stock	S	600	$58.72	Disposed	104106.015	Direct
2011-08-09	Common Stock	S	200	$58.725	Disposed	103906.015	Direct
2011-08-09	Common Stock	S	100	$58.73	Disposed	103806.015	Direct
2011-08-09	Common Stock	S	1100	$58.735	Disposed	102706.015	Direct
2011-08-09	Common Stock	S	899	$58.74	Disposed	101807.015	Direct
2011-08-09	Common Stock	S	200	$58.77	Disposed	101607.015	Direct
2011-08-09	Common Stock	S	100	$58.80	Disposed	101507.015	Direct
2011-08-09	Common Stock	S	100	$58.83	Disposed	101407.015	Direct
2011-08-09	Common Stock	S	100	$58.875	Disposed	101307.015	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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 Sales Plan adopted by the Reporting Person on June 9, 2011.

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.