RLI CORP — Director's Dealing 2016

Jun 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2016-05-31

Reporting Person: Klobnak Jennifer L (Sr. VP, Operations - RLI Ins.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-31	Common Stock	M	280	$17.865	Acquired	6348.165	Direct
2016-05-31	Common Stock	M	280	$25.35	Acquired	6628.165	Direct
2016-05-31	Common Stock	M	7200	$29.42	Acquired	13828.165	Direct
2016-05-31	Common Stock	F	4748	$66.11	Disposed	9080.165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-31	Stock Option	$17.865	M	280	Disposed	2019-05-05	Common Stock (280)	Direct
2016-05-31	Stock Option	$25.35	M	280	Disposed	2020-05-03	Common Stock (280)	Direct
2016-05-31	Stock Option	$29.42	M	7200	Disposed	2021-05-02	Common Stock (7200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13821.9577	Indirect

Footnotes

F1: Balance reflects annual company contributions and dividend reinvestment.

F2: Exercise price reflects prior adjustments as a result of special dividends.

F3: 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.