MARKEL GROUP INC. — Director's Dealing 2017

Dec 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2017-12-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-07	Common Stock	G	1240	—	Disposed	107210	Direct
2017-09-08	Common Stock	G	150	—	Disposed	107060	Direct
2017-12-21	Common Stock	S	100	$1130.89	Disposed	106960	Direct
2017-12-21	Common Stock	S	100	$1134.57	Disposed	106860	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2030.534	Indirect
Common Stock	15000	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,130.50 to $1,131.40, inclusive. The reporting person undertakes to provide to any security holder of Markel Corporation or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

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 September 30, 2017 and utilizes the most recent closing stock price on that date of $1,067.98 per share. As of September 30, 2017, a unit under the Plan represented one share of Common Stock.

F4: Beneficial ownership of securities is expressly disclaimed.