MARKEL GROUP INC. — Director's Dealing 2012

Jul 3, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2012-07-01

Reporting Person: Kiscaden Bradley James (EVP & Chief Actuarial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5034.0547	Direct
Common Stock	490.54	Indirect

Footnotes

F1: The total includes 1,668 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 605 other Restricted Stock Units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, of which 195 units will vest on December 31, 2012, 94 units will vest on December 31, 2014, and 316 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 June 29, 2012 and utilizes the closing stock price on that date of $441.70. As of June 29, 2012, a unit under the Plan represented one share of Common Stock.