MARKEL GROUP INC. — Director's Dealing 2014

Feb 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2014-02-06

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14042.31	Direct
Common Stock	783.596	Indirect

Footnotes

F1: The total includes 3,805 restricted stock units granted pursuant to the Markel Corporation 2012 Equity Incentive Compensation Plan that will vest, subject to certain conditions, on May 13, 2016; 890 restricted stock units granted 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 granted pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on May 10, 2015; and 1,066 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.

F2: This Form 4 is filed to update year-end 401(K) Plan holdings.

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, 2013 and utilizes the closing stock price on that date of $580.35 per share. As of December 31, 2013, a unit under the Plan represented one share of Common Stock.