RLI CORP — Director's Dealing 2013

May 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2013-05-02

Reporting Person: Kliethermes Craig W (VP, Actuarial RLI Insurance Co)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-02	Stock Option	$71.84	A	20000	Acquired	2021-05-02	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6162.436	Direct
Common Stock	3715.5109	Indirect
Common Stock	6206.9334	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$39.09	2017-05-03	Common Stock (9000)	9000	Direct
Stock Option	$33.00	2018-05-01	Common Stock (11000)	11000	Direct
Stock Option	$29.90	2017-05-07	Common Stock (11300)	11300	Direct
Stock Option	$39.34	2018-05-06	Common Stock (13000)	13000	Direct
Stock Option	$48.73	2019-05-05	Common Stock (18000)	18000	Direct
Stock Option	$63.70	2020-05-03	Common Stock (18000)	18000	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 extraordinary dividend declared 11/14/12.

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.