MARKEL GROUP INC. — Director's Dealing 2015

May 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2015-05-11

Reporting Person: KIRSHNER ALAN I (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-11	Common Stock	S	2667	$779.96	Disposed	28037	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	965.529	Indirect
Common Stock	268.155	Indirect

Footnotes

F1: The total includes 3,805, 1,522 and 1,973 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, December 31, 2017 and December 31, 2018, respectively; and 1,417 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.

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.

F3: Beneficial ownership of securities is expressly disclaimed.