MARKEL GROUP INC. — Director's Dealing 2015

Feb 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2015-02-13

Reporting Person: Crowley F. Michael (President & Co-COO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12758	Direct
Common Stock	84.575	Indirect

Footnotes

F1: The total includes 3,805 and 1,644 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 and December 31, 2018, respectively; 1,118 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on December 31, 2017; 2,224 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on May 10, 2015; 3,357 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, of which 1,673 units will vest on December 31, 2015, and 1,684 units will vest on December 31, 2016.

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, 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.