RLI CORP — Director's Dealing 2012

Nov 2, 2012

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)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-01	Stock Option	$67.83	A	8000	Acquired	2020-11-01	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	90858.7414	Direct
Common Stock	20105.3604	Indirect
Common Stock	23060.9131	Indirect
Common Stock	10083.133	Indirect
Common Stock	10000	Indirect
Common Stock	10869.182	Indirect
Common Stock	3569.1255	Indirect
Common Stock	10869.182	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

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F3: 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.

F4: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F5: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.