Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Bryant Todd Wayne
   2. Issuer Name and Ticker or Trading Symbol
RLI CORP [RLI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President, Controller
(Last)
(First)
(Middle)
9025 N. LINDBERGH DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
07/22/2013
(Street)

PEORIA, IL 61615		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/22/2013   M(1)   700 A $ 30.51 700 D  
Common Stock 07/22/2013   M(1)   700 A $ 39.09 1,400 D  
Common Stock 07/22/2013   M(1)   750 A $ 33 2,150 D  
Common Stock 07/22/2013   M(1)   800 A $ 30.81 2,950 D  
Common Stock 07/22/2013   M(1)   2,800 A $ 29.9 5,750 D  
Common Stock 07/22/2013   F(1)   3,307 D $ 85.0032 2,443 D  
Common Stock 07/22/2013   S(1)   2,443 D $ 85.0032 0 D  
Common Stock               8,714.6544 I Employee Stock Ownership Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 30.51 (2) (3) (4) 07/22/2013   M(1)     700 08/28/2007(5) 08/28/2016 Common Stock 700 $ 0 0 D  
Stock Option $ 39.09 (2) (3) (4) 07/22/2013   M(1)     700 05/03/2008(5) 05/03/2017 Common Stock 700 $ 0 0 D  
Stock Option $ 33 (2) (3) (4) 07/22/2013   M(1)     750 05/01/2009(5) 05/01/2018 Common Stock 750 $ 0 0 D  
Stock Option $ 30.81 (2) (3) (4) 07/22/2013   M(1)     800 03/02/2010(5) 03/02/2019 Common Stock 800 $ 0 200 D  
Stock Option $ 29.9 (2) (3) (4) 07/22/2013   M(1)     2,800 05/07/2010(5) 05/07/2017 Common Stock 2,800 $ 0 700 D  
Stock Option $ 39.34 (2) (3) (4)             05/06/2011(5) 05/06/2018 Common Stock 4,500   4,500 D  
Stock Option $ 48.73 (2) (3)             05/05/2012(5) 05/05/2019 Common Stock 6,000   6,000 D  
Stock Option $ 63.7 (2)             05/03/2013(5) 05/03/2020 Common Stock 6,000   6,000 D  
Stock Option $ 71.84             05/02/2014(5) 05/02/2021 Common Stock 8,000   8,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Bryant Todd Wayne
9025 N. LINDBERGH DRIVE
PEORIA, IL 61615		       Vice President, Controller  

Signatures

 /s/ Todd W. Bryant   07/24/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The transactions reported above in Table 1 reflect the broker-assisted cashless exercise of stock options. The transactions coded M report the number of shares issuable upon exercise of the options. The line coded F reports the number of shares which were deducted from the total number of shares issuable to pay the exercise price of such options (2,139 shares)and required taxes (1,168 shares). The line coded S reports the shares sold after payment of the exercise price and required taxes. The number of shares reported on the Code F and Code S lines were rounded to the nearest whole share and at an aggregate average price of $85.0032 on 07/22/13.
(2) Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
(3) Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
(4) Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.
(5) 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.