BERKLEY W R CORP — Director's Dealing 2005

Dec 6, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKLEY W R CORP (BER)
CIK: 0000011544
Period of Report: 2005-12-05

Reporting Person: BALLARD EUGENE G (Sr.V.P.- CFO & Treas.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-05	Common Stock	A	15000	—	Acquired	82155	Direct

Footnotes

F1: Represents restricted stock units ("RSUs") granted under the W. R. Berkley Corporation 2003 Stock Incentive Plan. The RSUs are governed by the terms of the Restricted Stock Unit Agreement under the W. R. Berkley Corporation 2003 Stock Incentive Plan, the form of which was filed with the Securities and Exchange Commission on May 3, 2005 as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2005.