RLI CORP — Director's Dealing 2015

Nov 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2015-11-05

Reporting Person: Brown Thomas Lynn (VP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-05	Common Stock	M	4000	$21.25	Acquired	19448.504	Direct
2015-11-05	Common Stock	M	10800	$27.35	Acquired	30248.504	Direct
2015-11-05	Common Stock	F	10114	$61.66	Disposed	20134.504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-05	Stock Option	$21.25	M	4000	Disposed	2019-10-03	Common Stock (4000)	Direct
2015-11-05	Stock Option	$27.35	M	10800	Disposed	2020-05-03	Common Stock (10800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6307.0046	Indirect
Common Stock	1725.7228	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment

F2: Balance reflects annual company contributions and dividend reinvestment.

F3: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.

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 and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.

F8: 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.