MARKEL GROUP INC. — Director's Dealing 2012

Dec 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2012-12-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-03	Common Stock	F	58	$479.27	Disposed	4976.0547	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	497.267	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 410 other Restricted Stock Units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, of which 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 September 30, 2012 and utilizes the closing stock prices on that date of $458.49. As of September 30, 2012, a unit under the Plan represented one share of Common Stock.