RLI CORP — Director's Dealing 2011

May 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-05-09

Reporting Person: STEPHENS GERALD D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-09	Common Stock	G	100	—	Disposed	845916.6627	Direct
2011-05-24	Common Stock	G	35000	—	Disposed	810916.6627	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23204.3948	Indirect
Common Stock	79135	Indirect
Common Stock	174452.4076	Indirect
Common Stock	341953.874	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment.