MERCURY GENERAL CORP — Director's Dealing 2006

May 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCURY GENERAL CORP (MCY)
CIK: 0000064996
Period of Report: 2006-05-17

Reporting Person: STALICK THEODORE R (CFO-Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-17	Common Stock	M	3500	$22.0625	Acquired	3500	Direct
2006-05-17	Common Stock	S	3500	$58.65	Disposed	0	Direct
2006-05-17	Common Stock	M	4000	$29.77	Acquired	4000	Direct
2006-05-17	Common Stock	S	4000	$58.65	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-17	Common Stock	$22.0625	S	3500	Disposed	2009-12-10	Common Stock (3500)	Direct
2006-05-17	Common Stock	$29.770	S	4000	Disposed	2010-10-27	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	471	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock	$51.43	2014-10-29	Commo Stock (7500)	7500	Direct
Common Stock	$42.3091	2008-08-07	Common Stock (5000)	5000	Direct
Common Stock	$41.56	2011-10-26	Common Stock (5000)	5000	Direct