RLI CORP — Director's Dealing 2017

May 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2017-05-04

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-04	Stock Option	$56.71	A	11000	Acquired	2025-05-04	Common Stock (11000)	Direct
2017-05-04	Restricted Stock Unit	$	A	300	Acquired		Common Stock (300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8846.2849	Direct
Common Stock	1182.9238	Indirect
Common Stock	2390.4667	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.

F4: Upon vesting, each restricted stock unit represents the right to receive one share of common stock.

F5: These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.