RLI CORP — Director's Dealing 2012

Jan 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2012-01-30

Reporting Person: VIETS ROBERT O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-30	Common Stock	J	332.2189	$71.52	Acquired	46310.9102	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29012.1305	Direct
Common Stock	13633.7366	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$28.39	2014-02-02	Common Stock (3600)	3600	Direct

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Securities herein were allocated pursuant to the RLI Corp. Directors' Irrevocable Trust Agreement.

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

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