RLI CORP — Director's Dealing 2011

Apr 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-04-25

Reporting Person: LENROW GERALD I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-25	Common Stock	M	3600	$33.39	Acquired	11795.585	Direct
2011-04-25	Common Stock	F	2058	$58.41	Disposed	9737.585	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-25	Stock Option	$33.39	M	3600	Disposed	2014-02-02	Common Stock (3600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	56675.8233	Indirect
Common Stock	1162.651	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.