RLI CORP — Director's Dealing 2012

Feb 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2012-02-28

Reporting Person: MICHAEL JONATHAN E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-28	Common Stock	G	3278.7201	$70.48	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	222414.8977	Direct
Common Stock	84100.7513	Indirect
Common Stock	45968.637	Indirect
Common Stock	18549.5364	Indirect
Common Stock	8753.2131	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

Footnotes

F1: Ownership reflects dividend reinvestment.

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

F3: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F4: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F5: 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.