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RLI CORP Director's Dealing 2012

Nov 9, 2012

30928_dirs_2012-11-09_759f18a4-e4d9-4b64-b7c6-259be8e3ca1d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2012-11-01

Reporting Person: STONE MICHAEL J (Director, President RLI Insurance Compan)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-11-01 Common Stock J 2820 $67.815 Acquired 93678.7414 Direct
2012-11-01 Common Stock J 2820 $67.815 Disposed 7180 Indirect
2012-11-01 Common Stock J 1061 $67.815 Disposed 9808.182 Indirect
2012-11-01 Common Stock J 1061 $67.815 Acquired 94739.7414 Direct
2012-11-01 Common Stock J 521 $67.815 Acquired 95260.7414 Direct
2012-11-01 Common Stock J 521 $67.815 Disposed 10348.182 Indirect
2012-11-05 Common Stock J 3067 $66.645 Disposed 7016.133 Indirect
2012-11-05 Common Stock J 3067 $66.645 Acquired 98327.7414 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 20105.3604 Indirect
Common Stock 23060.9131 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $44.09 2017-05-03 Common Stock (31500) 31500 Direct
Stock Option $38.00 2018-05-01 Common Stock (34000) 34000 Direct
Stock Option $34.90 2017-05-07 Common Stock (19200) 19200 Direct
Stock Option $44.34 2018-05-06 Common Stock (6000) 6000 Direct
Stock Option $44.20 2018-08-02 Common Stock (6000) 6000 Direct
Stock Option $45.26 2018-11-01 Common Stock (6000) 6000 Direct
Stock Option $50.28 2019-02-01 Common Stock (6000) 6000 Direct
Stock Option $53.73 2019-05-05 Common Stock (8000) 8000 Direct
Stock Option $57.62 2019-08-01 Common Stock (8000) 8000 Direct
Stock Option $62.59 2019-11-01 Common Stock (8000) 8000 Direct
Stock Option $72.61 2020-02-01 Common Stock (8000) 8000 Direct
Stock Option $68.70 2020-05-03 Common Stock (8000) 8000 Direct
Stock Option $63.25 2020-08-01 Common Stock (8000) 8000 Direct
Stock Option $67.83 2020-11-01 Common Stock (8000) 8000 Direct

Footnotes

F1: Shares distributed from the M.J. Stone Grantor Retained Annuity Trust (M4) to M.J. Stone

F2: Ownership reflects dividend reinvestment.

F3: Shares distributed from the M.J. Stone Grantor Retained Annuity Trust (M5) to M.J. Stone

F4: Shares distributed from the M.J. Stone Grantor Retained Annuity Trust (M6) to M.J. Stone

F5: Shares distributed from the M.J. Stone Grantor Retained Annuity Trust (M3) to M.J. Stone

F6: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F7: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F8: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F9: Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.