BERKLEY W R CORP — Director's Dealing 2012

Jun 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKLEY W R CORP (WRB)
CIK: 0000011544
Period of Report: 2012-06-01

Reporting Person: Augostini Christopher L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-01	Common Stock	A	3000	—	Acquired	3000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-01	Phantom Stock	$	A	78	Acquired		Common Stock (78)	Direct

Footnotes

F1: Represents award granted pursuant to the terms of the W. R. Berkley Corporation 2009 Directors Stock Plan.

F2: Each share of phantom stock is deemed invested in one share of W. R. Berkley Corporation common stock pursuant to the terms of the W. R. Berkley Corporation Deferred Compensation Plan for Directors.

F3: Shares of phantom stock are payable in cash or stock or any combination thereof, in each case as determined by W. R. Berkley Corporation (the "Company"), upon the reporting person's date of Separation from Service with the Company.