MARKEL GROUP INC. — Director's Dealing 2017

Feb 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2017-02-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-22	Common Stock	S	172	$977.1637	Disposed	111478	Direct
2017-02-23	Common Stock	S	1828	$970.8513	Disposed	109650	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15000	Indirect
Common Stock	3875	Indirect
Common Stock	2021.255	Indirect

Footnotes

F1: Beneficial ownership of securities is expressly disclaimed.

F2: 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.

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, 2016 and utilizes the closing stock price on that date of $904.50 per share. As of December 31, 2016, a unit under the Plan represented one share of Common Stock.