RLI CORP — Director's Dealing 2016

May 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Brown Thomas Lynn (VP, CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-05	Stock Option	$64.09	A	23000	Acquired	2024-05-05	Common Stock (23000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20152.423	Direct
Common Stock	6555.6757	Indirect
Common Stock	2136.4229	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment

F2: Balance reflects annual company contributions and dividend reinvestment.

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.