MARKEL GROUP INC. — Director's Dealing 2013

Feb 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2013-02-19

Reporting Person: Albanese Gerard JR (EVP & Chief Underwriting Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-19	Common Stock	A	890	—	Acquired	10237.31	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	768.552	Indirect

Footnotes

F1: Restricted stock units awarded pursuant to the Markel Corporation 2012 Equity Incentive Compensation Plan and the Markel Corporation Omnibus Incentive Plan, as applicable. Restricted stock units will vest on December 31, 2017.

F2: In addition to the award of 890 restricted stock units reported on this Form 4, 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. The total also includes 1,066 other restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan, of which 347 units will vest on December 31, 2013 and 719 units will vest on December 31, 2015.

F3: 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 December 31, 2012 and utilizes the closing stock price on that date of $433.42 per share. As of December 31, 2012, a unit under the Plan represented one share of Common Stock.