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: GAYNER THOMAS SINNICKSON (Pres. & Chief Investment Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-03	Common Stock	F	24	$479.27	Disposed	31489.091	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	2456.970	Indirect
Common Stock	446.66	Indirect

Footnotes

F1: The total includes 2,224 Restricted Stock Units granted pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on May 10, 2015, and other Restricted Stock Units granted pursuant to the Markel Corporation Omnibus Incentive Plan that 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 price on that date of $458.49 per share. As of September 30, 2012, a unit under the Plan represented one share of Common Stock.