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: LINKE CHARLES M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	J	576.6026	$54.21	Acquired	10077.3198	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11474.482	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$22.55	2013-05-01	Common Stock (3000)	3000	Direct
Stock Option	$33.39	2014-02-02	Common Stock (2407)	2407	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.