BERKLEY W R CORP — Director's Dealing 2012

May 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKLEY W R CORP (WRB)
CIK: 0000011544
Period of Report: 2012-05-22

Reporting Person: BERKLEY WILLIAM R JR (Director, President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-22	Common Stock	A	3000	—	Acquired	823995	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	250000	Indirect

Footnotes

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

F2: Includes 446,250 RSUs, 146,250 of which have vested (the receipt of which have been deferred) and the balance of which are scheduled to vest as follows: 150,000 on December 17, 2012; and 150,000 on March 2, 2015