MARKEL GROUP INC. — Director's Dealing 2018

Nov 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2018-11-05

Reporting Person: MARKEL ANTHONY F (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-08	Common Stock	G	677	—	Disposed	31415	Indirect
2018-10-10	Common Stock	G	900	—	Disposed	43706	Direct
2018-11-05	Common Stock	S	149	$1090	Disposed	2520	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6220	Indirect
Common Stock	3366	Indirect
Common Stock	2850	Indirect
Common Stock	2443	Indirect
Common Stock	1961	Indirect

Footnotes

F1: The total reported for Grantor Retained Annuity Trusts (as well as the direct holding balance of Mr. Markel) also reflects the transfer of 5,000 shares from Mr. Markel to Grantor Retained Annuity Trusts and a distribution of 1,820 shares from Grantor Retained Annuity Trusts to Mr. Markel.

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: Mr. Markel is the Trustee under a charitable lead unitrust in which his children have remainder interests. Beneficial ownership of securities is expressly disclaimed.

F4: Mr. Markel is the Trustee under trusts for the benefit of himself and his children.

F5: Mr. Markel is the Trustee of irrevocable trusts for the benefit of his children. Beneficial ownership of securities is expressly disclaimed.

F6: Mr. Markel is the Trustee of a trust for the benefit of his children and their descendants and in which Mr. Markel retains a partial interest. Mr. Markel disclaims beneficial ownership of the shares held in the trust except to the extent of his partial interest.