RLI CORP — Director's Dealing 2014

Mar 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2014-03-07

Reporting Person: Kliethermes Craig W (Exec. V.P./Operations-RLI Ins)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-07	Common Stock	J	890.2588	$44.93	Acquired	13845.998	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24422.953	Direct
Common Stock	7505.7003	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$15.00	2018-05-01	Common Stock (22000)	22000	Direct
Stock Option	$13.45	2017-05-07	Common Stock (5600)	5600	Direct
Stock Option	$18.17	2018-05-06	Common Stock (26000)	26000	Direct
Stock Option	$22.865	2019-05-05	Common Stock (36000)	36000	Direct
Stock Option	$30.35	2020-05-03	Common Stock (36000)	36000	Direct
Stock Option	$34.42	2021-05-02	Common Stock (40000)	40000	Direct

Footnotes

F1: The securities herein were allocated to my account pursuant to the RLI Corp. Executive Deferred Compensation Agreement.

F2: Ownership reflects dividend reinvestment.

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

F4: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.

F5: Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.

F6: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F7: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F8: Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.

F9: 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.