MARKEL GROUP INC. — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-09-06

Reporting Person: MARTIN DARRELL D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-06	Common Stock	G	3400	—	Disposed	12775	Direct
2011-09-06	Common Stock	G	3400	—	Acquired	6900	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3662	Indirect

Footnotes

F1: This transaction involved a gift of securities by Mr. Martin to his spouse.

F2: End-of-period holdings also reflect a change in form of beneficial ownership by reason of the distribution of 1,338 shares from a Grantor Retained Annuity Trust to Mr. Martin. Holdings include 197 shares of restricted stock that will vest on May 8, 2012, the grant of which pursuant to the Markel Corporation Omnibus Incentive Plan was reported previously.

F3: Beneficial ownership of securities is expressly disclaimed.

F4: Mr. Martin is a Trustee and partial beneficiary of a Grantor Retained Annuity Trust. End-of-period holdings reflect a change in form of beneficial ownership by reason of the distribution of 1,338 shares from the GRAT to Mr. Martin.