RLI CORP — Director's Dealing 2011

Aug 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-07-29

Reporting Person: VIETS ROBERT O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-29	Common Stock	J	375.3237	$63.274	Acquired	42349.0759	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13432.958	Direct
Common Stock	13813.8253	Indirect
Common Stock	18157.073	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$33.39	2014-02-02	Common Stock (3600)	3600	Direct

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Securities herein were allocated pursuant to the RLI Corp. Directors' Irrevocable Trust Agreement.

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