MARKEL GROUP INC. — Director's Dealing 2012

Feb 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-12-14

Reporting Person: MARKEL ANTHONY F (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-14	Common Stock	G	1346	—	Disposed	81562	Direct
2011-12-19	Common Stock	G	7387	—	Disposed	74175	Direct
2012-02-08	Common Stock	G	384	—	Disposed	77252	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21677	Indirect
Common Stock	3965	Indirect
Common Stock	6220	Indirect
Common Stock	3366	Indirect
Common Stock	2850	Indirect
Common Stock	1961	Indirect
Common Stock	2443	Indirect

Footnotes

F1: End of period holdings also reflect change in form of beneficial ownership by reason of the distribution of 6,116 shares from Grantor Retained Annuity Trusts to Mr. Markel.

F2: End of period holdings also reflect change in form of beneficial ownership by reason of the distribution of 3,461 shares from Grantor Retained Annuity Trusts to Mr. Markel.

F3: End of period holdings reflect change in form of beneficial ownership by reason of the distribution of 9,577 shares from Grantor Retained Annuity Trusts to Mr. Markel.

F4: Mr. Markel is a Trustee and partial beneficiary of a series of Grantor Retained Annuity Trusts. The total reported herein reflects the aggregate of all such trusts.

F5: Mr. Markel is Trustee under a charitable lead unitrust in which his children have remainder interests. Beneficial ownership of securities is expressly disclaimed.

F6: Mr. Markel is the Trustee under trusts for the benefit of himself and his children.

F7: Mr. Markel is Trustee of irrevocable trusts for the benefit of his children. Beneficial ownership of securities is expressly disclaimed.

F8: Mr. Markel is the Trustee of a trust for the benefit of his children and their descendants and in which Mr. Markel retains a partial interest. Mr. Markel disclaims beneficial ownership of the shares held in the trust except to the extent of his partial interest.