MARKEL GROUP INC. — Director's Dealing 2015

Feb 13, 2015

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2014-12-31

Reporting Person: MARKEL STEVEN A (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-11	Common Stock	G	1000	$0.00	Disposed	125805	Direct
2014-11-18	Common Stock	G	1450	$0.00	Disposed	124355	Direct
2014-12-11	Common Stock	G	1450	$0.00	Disposed	122905	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19700	Indirect
Common Stock	15000	Indirect
Common Stock	3875	Indirect
Common Stock	2000.408	Indirect

Footnotes

F1: This gift of 1,000 shares was inadvertently excluded from Mr. Markel's Form 4 filings made since the date of the gift.

F2: Mr. Markel is a Trustee and partial beneficiary of several Grantor Retained Annuity Trusts. The total reported represents the aggregate of the trusts.

F3: Beneficial ownership of securities is expressly disclaimed.

F4: Mr. Markel is trustee and retains a partial interest in the trust. The amount reported reflects all the securities held by the trust, but Mr. Markel disclaims beneficial ownership except with respect to his interest in the trust.

F5: Update of year-end 401(K) Plan holdings.

F6: 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, 2014 and utilizes the closing stock price on that date of $682.84 per share. As of December 31, 2014, a unit under the Plan represented one share of Common Stock.