RLI CORP — Director's Dealing 2015

Oct 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2015-10-22

Reporting Person: Bryant Todd Wayne (VP, Finance & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-22	Common Stock	M	9600	$19.865	Acquired	15118	Direct
2015-10-22	Common Stock	M	7200	$27.35	Acquired	22318	Direct
2015-10-22	Common Stock	F	11186	$60.00	Disposed	11132	Direct
2015-10-23	Common Stock	S	1000	$60.00	Disposed	10132	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-22	Stock Option	$19.865	M	9600	Disposed	2019-05-05	Common Stock (9600)	Direct
2015-10-22	Stock Option	$27.35	M	7200	Disposed	2020-05-03	Common Stock (7200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20913.4591	Indirect

Footnotes

F1: Balance reflects annual company contributions and dividend reinvestment.

F2: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.

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

F4: Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.

F5: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

F6: Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.

F7: 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.