RLI CORP — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: VIETS ROBERT O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	A	333	$53.37	Acquired	13275.9471	Direct
2011-01-31	Common Stock	P	37	$54.23	Acquired	13312.9471	Direct
2011-01-31	Common Stock	P	72	$54.27	Acquired	13674.5441	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	41148.2895	Indirect
Common Stock	17974	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: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.