RLI CORP — Director's Dealing 2012

Nov 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2012-11-20

Reporting Person: MCPHEETERS F LYNN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-20	Common Stock	M	1800	$15.51	Acquired	18191.926	Direct
2012-11-20	Common Stock	M	3600	$28.39	Acquired	21791.926	Direct
2012-11-20	Common Stock	F	1911	$68.10	Disposed	19880.926	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-20	Stock Option	$15.51	M	1800	Disposed	2013-02-03	Common Stock (1800)	Direct
2012-11-20	Stock Option	$28.39	M	3600	Disposed	2014-02-02	Common Stock (3600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15968.7376	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F3: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.