MARKEL GROUP INC. — Director's Dealing 2013

Jan 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2012-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-31	Common Stock	P	100	$430.3399	Acquired	31589.091	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Mr. Gayner will provide upon request by the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares purchased at each separate price.

F2: 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 1,071 Restricted Stock Units granted pursuant to the Markel Corporation Omnibus Incentive Plan that 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 $433.32 per share. As of December 31, 2012, a unit under the Plan represented one share of Common Stock.