MARKEL GROUP INC. — Director's Dealing 2013

Aug 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2013-08-21

Reporting Person: Crowley F. Michael (President & Co-COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-21	Common Stock	S	300	$517.2801	Disposed	12621	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	71.262	Indirect

Footnotes

F1: This total includes 1,118 restricted stock units awarded pursuant to the Markel Corporation 2012 Equity Incentive Compensation Plan and the Markel Corporation Omnibus Incentive Plan, as applicable, that will vest, subject to certain conditions, on December 31, 2017; 2,224 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on May 10, 2015; 3,357 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, of which 1,673 units will vest on December 31, 2015, and 1,684 units will vest on December 31, 2016, and 3,805 restricted stock units awarded pursuant to the Markel Corporation 2012 Equity Incentive Compensation Plan that will vest on May 13, 2016.

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 July 31, 2013 and utilizes the closing stock price on that date of $530.00 per share. As of July 31, 2013, a unit under the Plan represented one share of Common Stock.