RLI CORP — Director's Dealing 2022

May 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2022-05-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-02	Common Stock	M	300	—	Acquired	21230.2849	Direct
2022-05-02	Common Stock	J	21	—	Acquired	21251.2849	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-02	Restricted Stock Unit	$	M	300	Disposed		Common Stock (300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3722.9633	Indirect
Common Stock	1358.9265	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$93.24	2028-08-21	Common Stock (12500)	12500	Direct
Stock Option	$113.02	2029-05-06	Common Stock (8000)	8000	Direct
Stock Option	$47.61	2023-05-07	Common Stock (12000)	12000	Direct
Stock Option	$64.09	2024-05-05	Common Stock (9000)	9000	Direct
Stock Option	$56.71	2025-05-04	Common Stock (11000)	11000	Direct
Stock Option	$63.14	2026-05-03	Common Stock (9000)	9000	Direct
Stock Option	$82.66	2027-05-02	Common Stock (7500)	7500	Direct

Footnotes

F1: Shares acquired on the vesting of restricted stock units.

F2: Ownership reflects dividend reinvestment

F3: Balance reflects annual company contributions and dividend reinvestment.

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.

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.

F7: Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.