MERCURY GENERAL CORP — Director's Dealing 2004

Mar 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCURY GENERAL CORP (MCY)
CIK: 0000064996
Period of Report: 2004-03-17

Reporting Person: SIMON PETER (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-17	Common Stock	M	1000	$22.0625	Acquired	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-17	Common Stock	$22.0625	M	1000	Disposed	2009-12-10	Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1079	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock	$44.8209	2008-11-06	Common Stock (6000)	6000	Direct
Common Stock	$29.77	2010-10-27	Common Stock (4000)	4000	Direct

Footnotes

F1: Options granted 12/10/99, vested 20% per year for five years

F2: Options granted 11/6/98, vested 20% per year for five years

F3: Options granted 10/27/00, vested 20% per year for five years

F4: Includes ESOP allocations and dispositions since last report