MARKEL GROUP INC. — Director's Dealing 2010

Sep 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2010-09-16

Reporting Person: MARKEL STEVEN A (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-28	Common Stock	G	50	—	Disposed	224308.894	Direct
2010-08-18	Common Stock	G	50	—	Disposed	209718.894	Direct
2010-09-16	Common Stock	S	3.894	$341.00	Disposed	209715	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1935.975	Indirect
Common Stock	29578	Indirect
Common Stock	4375	Indirect

Footnotes

F1: Mr. Markel is a Trustee and partial beneficiary of two Grantor Retained Annuity Trusts. End of period holdings reflect change in form of beneficial ownership by reason of a distribution of 5,460 shares from a GRAT and a contribution by Mr. Markel of 20,000 shares to a GRAT.

F2: Holdings under the Markel Corporation 401(K) Plan are reported in units. The information reported herein is based on a plan statement dated as of June 30, 2010 and utilizes the closing stock price on that date of $340.00. As of 6/30/2010, a unit under the Plan represented one share of Common Stock.

F3: End of period holdings reflect change in form of beneficial ownership by reason of a distribution of 5,460 shares from a GRAT and a contribution by Mr. Markel of 20,000 shares to a GRAT.

F4: Mr. Markel is a Trustee and partial beneficiary of two Grantor Retained Annuity Trusts. The total reported represents the aggregate of both trusts.

F5: Mr. Markel is trustee and retains a partial interest in the trust. The amount reported reflects all the securities held by the trust, but Mr. Markel disclaims beneficial ownership except with respect to his interest in the trust.