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RLI CORP Director's Dealing 2014

Jan 8, 2014

30928_dirs_2014-01-08_89892c50-b968-4e3f-9b34-f96cb1a821a9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2014-01-07

Reporting Person: STONE MICHAEL J (Director, President RLI Insurance Compan)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-01-07 Common Stock J 935 $94.76 Acquired 112444.5809 Direct
2014-01-07 Common Stock J 935 $94.76 Disposed 4065 Indirect
2014-01-07 Common Stock J 639 $94.76 Acquired 113083.5809 Direct
2014-01-07 Common Stock J 639 $94.76 Disposed 4361 Indirect
2014-01-07 Common Stock J 464 $94.76 Acquired 113547.5809 Direct
2014-01-07 Common Stock J 464 $94.76 Disposed 4536 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 22268.0845 Indirect
Common Stock 26163.5674 Indirect
Common Stock 4746 Indirect
Common Stock 10185.047 Indirect
Common Stock 11279.318 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $26.90 2017-05-07 Common Stock (6400) 6400 Direct
Stock Option $36.34 2018-05-06 Common Stock (6000) 6000 Direct
Stock Option $36.20 2018-08-02 Common Stock (6000) 6000 Direct
Stock Option $37.26 2018-11-01 Common Stock (6000) 6000 Direct
Stock Option $42.28 2019-02-01 Common Stock (6000) 6000 Direct
Stock Option $45.73 2019-05-05 Common Stock (8000) 8000 Direct
Stock Option $49.62 2019-08-01 Common Stock (8000) 8000 Direct
Stock Option $54.59 2019-11-01 Common Stock (8000) 8000 Direct
Stock Option $64.61 2020-02-01 Common Stock (8000) 8000 Direct
Stock Option $60.70 2020-05-03 Common Stock (8000) 8000 Direct
Stock Option $55.25 2020-08-01 Common Stock (8000) 8000 Direct
Stock Option $59.83 2020-11-01 Common Stock (8000) 8000 Direct
Stock Option $66.48 2021-02-01 Common Stock (8000) 8000 Direct
Stock Option $68.84 2021-05-02 Common Stock (8000) 8000 Direct
Stock Option $80.54 2021-08-01 Common Stock (8000) 8000 Direct
Stock Option $91.10 2021-11-01 Common Stock (8000) 8000 Direct

Footnotes

F1: Shares transferred from the M.J. Stone Grantor Retained Annuity Trust (M7) to M.J. Stone.

F2: Ownership reflects dividend reinvestment.

F3: Shares transferred from the M.J. Stone Grantor Retained Annuity Trust (M8) to M.J. Stone.

F4: Shares transferred from the M.J. Stone Grantor Retained Annuity Trust (M9) to M.J. Stone.

F5: Ownership reflects dividend reinvestment

F6: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.

F7: Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.

F8: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F9: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F10: 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.