MARKEL GROUP INC. — Director's Dealing 2014

Sep 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2014-09-09

Reporting Person: MARKEL ANTHONY F (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-09	Common Stock	S	45	$649.70	Disposed	3334	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14909	Indirect
Common Stock	79766	Direct
Common Stock	6220	Indirect
Common Stock	3366	Indirect
Common Stock	2850	Indirect
Common Stock	1961	Indirect
Common Stock	2443	Indirect

Footnotes

F1: Mr. Markel is a Trustee and partial beneficiary of a series of Grantor Retained Annuity Trusts.

F2: The direct holding balance of Mr. Markel reflects the acquisition of 394 and 1,632 shares as a result of separate distributions from Grantor Retained Annuity Trusts on August 27, 2014 and September 9, 2014, respectively, to Mr. Markel for which Mr. Markel is a Trustee and partial beneficiary.

F3: Mr. Markel is the Trustee under a charitable lead unitrust in which his children have remainder interests. Beneficial ownership of securities is expressly disclaimed.

F4: Mr. Markel is the Trustee under trusts for the benefit of himself and his children.

F5: Mr. Markel is the Trustee of irrevocable trusts for the benefit of his children. Beneficial ownership of securities is expressly disclaimed.

F6: Mr. Markel is the Trustee of a trust for the benefit of his children and their descendants and in which Mr. Markel retains a partial interest. Mr. Markel disclaims beneficial ownership of the shares held in the trust except to the extent of his partial interest.