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RLI CORP Director's Dealing 2012

Feb 13, 2012

30928_dirs_2012-02-13_c1affba0-1bfe-4b5c-819c-da25df9e36dc.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: 2012-02-06

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-06 Common Stock J 1197 $72.62 Disposed 89737.7414 Direct
2012-02-06 Common Stock J 1197 $72.62 Acquired 3520.4965 Indirect
2012-02-06 Common Stock J 2421 $70.36 Disposed 9945.752 Indirect
2012-02-06 Common Stock J 2421 $70.36 Acquired 92158.7414 Direct
2012-02-09 Common Stock G 200 $72.59 Disposed 91958.7414 Direct
2012-02-10 Common Stock G 100 $71.83 Disposed 91858.7414 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 19495.1834 Indirect
Common Stock 22745.4338 Indirect
Common Stock 10000 Indirect
Common Stock 10721.09 Indirect
Common Stock 10721.09 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

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Shares transferred back to the M.J. Stone Grantor Retained Annuity Trust (M2) due to error in distribution from such trust on 12/01/11. Price reflects average stock price as of 02/02/12.

F3: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F4: 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.

F5: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F6: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F7: Shares transferred from the M.J. Stone Grantor Retained Annuity Trust (M3) to M.J. Stone. Price reflects average stock price on 11/07/11.