MARKEL GROUP INC. — Director's Dealing 2011

Dec 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-12-01

Reporting Person: Whitt Richard R III (President & Co-COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-01	Common Stock	S	100	$395.044	Disposed	8979.7496	Direct
2011-12-02	Common Stock	F	388	$397.99	Disposed	8591.7496	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1979.9	Indirect

Footnotes

F1: The total includes 2,224 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on May 10, 2015. The total also includes 2,435 other restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan, of which 1,364 units will vest on December 31, 2012, and 1,071 units will vest on December 31, 2015.

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, 2011 and utilizes the closing stock price on that date of $357.13. As of September 30, 2011, a unit under the Plan represented one share of Common Stock.