RLI CORP — Director's Dealing 2018

Jan 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2018-01-29

Reporting Person: STONE MICHAEL J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-29	Common Stock	J	1204	$64.47	Disposed	6615	Indirect
2018-01-29	Common Stock	J	1204	$64.47	Acquired	294383.1688	Direct
2018-01-29	Common Stock	M	16000	$28.24	Acquired	310383.1688	Direct
2018-01-29	Common Stock	M	16000	$29.42	Acquired	326383.1688	Direct
2018-01-29	Common Stock	F	22243	$64.47	Disposed	304140.1688	Direct
2018-01-30	Common Stock	S	5000	$65.356	Disposed	299140.1688	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-29	Stock Option	$28.24	M	16000	Disposed	2018-12-31	Common Stock (16000)	Direct
2018-01-29	Stock Option	$29.42	M	16000	Disposed	2018-12-31	Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37897.797	Indirect
Common Stock	880	Indirect
Common Stock	22242.55	Indirect

Footnotes

F1: Shares transferred from the M.J. Stone Grantor Retained Annuity Trust (M9) to M.J. Stone.

F2: Ownership reflects 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 and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.