RLI CORP — Director's Dealing 2016

Nov 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2016-11-21

Reporting Person: MICHAEL JONATHAN E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-21	Common Stock	M	6000	$22.295	Acquired	659243.5738	Direct
2016-11-21	Common Stock	M	24000	$24.915	Acquired	683243.5738	Direct
2016-11-21	Common Stock	M	18000	$28.24	Acquired	701243.5738	Direct
2016-11-21	Common Stock	M	12000	$29.42	Acquired	713243.5738	Direct
2016-11-21	Common Stock	M	12000	$35.27	Acquired	725243.5738	Direct
2016-11-21	Common Stock	M	50339	$62.80	Disposed	674904.5738	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-21	Stock Option	$22.295	M	6000	Disposed	2019-11-01	Common Stock (6000)	Direct
2016-11-21	Stock Option	$24.915	M	24000	Disposed	2020-11-01	Common Stock (24000)	Direct
2016-11-21	Stock Option	$28.24	M	18000	Disposed	2021-02-01	Common Stock (18000)	Direct
2016-11-21	Stock Option	$29.42	M	12000	Disposed	2021-05-02	Common Stock (12000)	Direct
2016-11-21	Stock Option	$35.27	M	12000	Disposed	2021-08-01	Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	223067.388	Indirect
Common Stock	120491.53	Indirect
Common Stock	48627.2041	Indirect
Common Stock	20325.1251	Indirect
Common Stock	22987.2753	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment

F2: Balance reflects annual company contributions and dividend reinvestment.

F3: Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.

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

F5: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.

F6: Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.

F7: Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.

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.