MARKEL GROUP INC. — Director's Dealing 2010

Dec 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2010-12-01

Reporting Person: Glisson Britton L. (Chief Administrative Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-01	Common Stock	F	259	$353.435	Disposed	10569.732	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1283.061	Indirect
Common Stock	946	Indirect

Footnotes

F1: Includes 2,085 restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan. Subject to certain conditions, twenty percent of these restricted stock units will vest on May 10, 2011, and the balance will vest on May 10, 2015. The total also includes 499 other restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan, of which 265 units will vest on December 31, 2011, and 234 units will vest on December 31, 2012.

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 September 30, 2010 and utilizes the closing stock price on that date of $344.59. As of 9/30/2010, a unit under the Plan represented one share of Common Stock.

F3: Beneficial ownership of securities is disclaimed.