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: MICHAEL JONATHAN E (Director, President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-01	Stock Option	$67.83	A	15000	Acquired	2020-11-01	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	217592.0998	Direct
Common Stock	85587.4083	Indirect
Common Stock	46601.034	Indirect
Common Stock	18806.8184	Indirect
Common Stock	6575.5036	Indirect
Common Stock	7708.9199	Indirect
Common Stock	5060	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$32.54	2015-05-05	Common Stock (45000)	45000	Direct
Stock Option	$38.15	2016-05-04	Common Stock (10500)	10500	Direct
Stock Option	$35.44	2016-08-04	Common Stock (10500)	10500	Direct
Stock Option	$42.04	2016-11-03	Common Stock (10500)	10500	Direct
Stock Option	$44.21	2017-02-02	Common Stock (10500)	10500	Direct
Stock Option	$44.09	2017-05-03	Common Stock (10500)	10500	Direct
Stock Option	$44.67	2017-08-03	Common Stock (10500)	10500	Direct
Stock Option	$44.03	2017-11-02	Common Stock (10500)	10500	Direct
Stock Option	$43.41	2018-02-01	Common Stock (10500)	10500	Direct
Stock Option	$38.00	2018-05-01	Common Stock (10500)	10500	Direct
Stock Option	$42.36	2018-08-01	Common Stock (10500)	10500	Direct
Stock Option	$44.73	2018-11-03	Common Stock (10500)	10500	Direct
Stock Option	$44.89	2019-02-02	Common Stock (10500)	10500	Direct
Stock Option	$34.90	2017-05-07	Common Stock (9750)	9750	Direct
Stock Option	$38.49	2017-08-03	Common Stock (9750)	9750	Direct
Stock Option	$37.90	2017-11-02	Common Stock (9750)	9750	Direct
Stock Option	$39.62	2018-02-01	Common Stock (9750)	9750	Direct
Stock Option	$44.34	2018-05-06	Common Stock (8500)	8500	Direct
Stock Option	$44.20	2018-08-02	Common Stock (8500)	8500	Direct
Stock Option	$45.26	2018-11-01	Common Stock (8500)	8500	Direct
Stock Option	$50.28	2019-02-01	Common Stock (8500)	8500	Direct
Stock Option	$53.73	2019-05-05	Common Stock (15000)	15000	Direct
Stock Option	$57.62	2019-08-01	Common Stock (15000)	15000	Direct
Stock Option	$62.59	2019-11-01	Common Stock (15000)	15000	Direct
Stock Option	$72.61	2020-02-01	Common Stock (15000)	15000	Direct
Stock Option	$68.70	2020-05-03	Common Stock (15000)	15000	Direct
Stock Option	$63.25	2020-08-01	Common Stock (15000)	15000	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.