RLI CORP — Director's Dealing 2011

Feb 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-01-31

Reporting Person: STEPHENS GERALD D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	P	3243	$54.35	Acquired	256343.5026	Indirect
2011-01-31	Common Stock	P	100	$54.05	Acquired	256443.5026	Indirect
2011-01-31	Common Stock	P	300	$54.06	Acquired	256743.5026	Indirect
2011-01-31	Common Stock	P	500	$54.09	Acquired	257243.5026	Indirect
2011-01-31	Common Stock	P	599	$54.07	Acquired	257842.5026	Indirect
2011-01-31	Common Stock	P	400	$54.26	Acquired	258242.5026	Indirect
2011-01-31	Common Stock	P	2101	$54.29	Acquired	260343.5026	Indirect
2011-01-31	Common Stock	P	200	$54.33	Acquired	260543.5026	Indirect
2011-01-31	Common Stock	P	532	$54.31	Acquired	261075.5026	Indirect
2011-01-31	Common Stock	P	25	$54.32	Acquired	261100.5026	Indirect
2011-01-31	Common Stock	P	5000	$54.15	Acquired	324000	Indirect
2011-01-31	Common Stock	P	4000	$54.25	Acquired	328000	Indirect
2011-01-31	Common Stock	P	1100	$54.35	Acquired	78235	Indirect
2011-01-31	Common Stock	P	500	$54.37	Acquired	78735	Indirect
2011-01-31	Common Stock	P	400	$54.38	Acquired	79135	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	752299.5921	Direct
Common Stock	4429.2781	Indirect
Common Stock	381.1323	Indirect
Common Stock	23084.4301	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment.