MARKEL GROUP INC. — Director's Dealing 2015

May 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2015-05-09

Reporting Person: Waleski Anne G (Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-09	Common Stock	F	229	$784.855	Disposed	6356.9879	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1404.436	Indirect

Footnotes

F1: The total includes 1,427, 846 and 931 restricted stock units awarded pursuant to the Markel Corporation 2012 Equity Incentive Compensation Plan that will vest, subject to certain conditions, on May 13, 2016, December 31, 2017 and December 31, 2018, respectively; 760 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; and 907 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, of which 282 units will vest on December 31, 2015 and 625 units will vest on May 9, 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 March 31, 2015 and utilizes the closing stock price on that date of $768.96 per share. As of March 31, 2015, a unit under the Plan represented one share of Common Stock.