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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
STONE MICHAEL J
   2. Issuer Name and Ticker or Trading Symbol
RLI CORP [RLI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
18808 GANTON AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
11/14/2017
(Street)

BRADENTON, FL 34202		 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 11/14/2017   M   16,000 A $ 22.295 286,701.0138 D (1)  
Common Stock 11/14/2017   M   16,000 A $ 27.305 302,701.0138 D (1)  
Common Stock 11/14/2017   M   16,000 A $ 25.35 318,701.0138 D (1)  
Common Stock 11/14/2017   M   16,000 A $ 22.625 334,701.0138 D (1)  
Common Stock 11/14/2017   M   16,000 A $ 24.915 350,701.0138 D (1)  
Common Stock 11/14/2017   F   53,127 D $ 59.42 297,574.0138 D (1)  
Common Stock               40,203.851 I (1) By Trust
Common Stock               880 I By Wife, Custodian UTMA-FL
Common Stock               16,324.155 I (1) M.J. Stone Grantor Retained Annuity Trust (M5) dtd. 10/31/11
Common Stock               22,347.55 I (1) M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11
Common Stock               7,819 I M.J. Stone Grantor Retained Annuity Trust (M9) dtd. 01/30/13

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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 $ 22.295 (2) (3) (4) (5) (6) (7) 11/14/2017   M     16,000 11/01/2012(8) 11/01/2019 Common Stock 16,000 $ 0 0 D  
Stock Option $ 27.305 (2) (3) (4) (5) (7) 11/14/2017   M     16,000 02/01/2013(8) 02/01/2020 Common Stock 16,000 $ 0 0 D  
Stock Option $ 25.35 (2) (3) (4) (5) (7) 11/14/2017   M     16,000 05/03/2013(8) 05/03/2020 Common Stock 16,000 $ 0 0 D  
Stock Option $ 22.625 (2) (3) (4) (5) (7) 11/14/2017   M     16,000 08/01/2013(8) 08/01/2020 Common Stock 16,000 $ 0 0 D  
Stock Option $ 24.915 (2) (3) (4) (5) (7) 11/14/2017   M     16,000 11/01/2013(8) 11/01/2020 Common Stock 16,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STONE MICHAEL J
18808 GANTON AVENUE
BRADENTON, FL 34202		   X      

Signatures

 /s/ Michael J. Stone   11/15/2017
**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) Ownership reflects dividend reinvestment
(2) Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
(3) Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
(4) Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
(5) Stock option grant price adjusted to reflect $5 extraordinary dividend declared 11/14/12.
(6) Stock Option grant price adjusted to reflect $5 RLI extraordinary dividend declared 11/17/11.
(7) Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
(8) 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.

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