MARKEL GROUP INC. — Director's Dealing 2012

May 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2012-05-15

Reporting Person: MARTIN DARRELL D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-15	Common Stock	A	181	—	Acquired	12956	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6900	Indirect
Common Stock	3662	Indirect

Footnotes

F1: Restricted stock granted pursuant to the Markel Corporation 2012 Equity Incentive Compensation Plan. Shares will vest on May 15, 2013.

F2: Beneficial ownership of securities is expressly disclaimed.

F3: Mr. Martin is a Trustee and partial beneficiary of a Grantor Retained Annuity Trust.