RLI CORP — Director's Dealing 2017

Nov 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2017-11-15

Reporting Person: Diefenthaler Aaron Paul (VP, CIO, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-15	Common Stock	M	4000	$27.305	Acquired	12846.2849	Direct
2017-11-15	Common Stock	M	5600	$25.35	Acquired	18446.2849	Direct
2017-11-15	Common Stock	F	5962	$59.44	Disposed	12484.2849	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-15	Stock Option	$27.305	M	4000	Disposed	2020-02-01	Common Stock (4000)	Direct
2017-11-15	Stock Option	$25.35	M	5600	Disposed	2020-05-03	Common Stock (5600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1191.9324	Indirect
Common Stock	2390.4667	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 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.