RLI CORP — Director's Dealing 2018

May 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2018-05-22

Reporting Person: Bryant Todd Wayne (VP, Finance & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-22	Common Stock	M	3200	$29.42	Acquired	18080	Direct
2018-05-22	Common Stock	M	2400	$38.21	Acquired	20480	Direct
2018-05-22	Common Stock	F	4012	$67.61	Disposed	16468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-22	Stock Option	$29.42	M	3200	Disposed	2021-05-02	Common Stock (3200)	Direct
2018-05-22	Stock Option	$38.21	M	2400	Disposed	2022-05-01	Common Stock (2400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24730.884	Indirect

Footnotes

F1: Balance reflects annual company contributions and dividend reinvestment.

F2: Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.

F3: Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.

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

F5: Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.

F6: 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.