RLI CORP — Director's Dealing 2014

Nov 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2014-11-03

Reporting Person: MICHAEL JONATHAN E (Director, President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-03	Stock Option	$49.26	A	15000	Acquired	2022-11-03	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	477684.2158	Direct
Common Stock	197543.1873	Indirect
Common Stock	106989.524	Indirect
Common Stock	43178.1482	Indirect
Common Stock	8305.9199	Indirect
Common Stock	23188	Indirect
Common Stock	23188	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment

F2: Balance reflects annual company contributions 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.