RLI CORP — Director's Dealing 2014

Aug 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2014-08-01

Reporting Person: MICHAEL JONATHAN E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-04	Common Stock	J	4801	$43.135	Disposed	4540.4535	Indirect
2014-08-04	Common Stock	J	4801	$43.135	Acquired	523673.4868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-01	Stock Option	$43.15	A	15000	Acquired	2022-08-01	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	196742.3783	Indirect
Common Stock	106555.582	Indirect
Common Stock	43003.0207	Indirect
Common Stock	8305.9199	Indirect

Footnotes

F1: Shares transferred from the J.E. Michael 2011 Grantor Retained Annuity Trust dtd 08/02/11 to J.E. Michael.

F2: Ownership reflects dividend reinvestment

F3: Balance reflects annual company contributions 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.