MERCURY GENERAL CORP — Director's Dealing 2007

May 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCURY GENERAL CORP (MCY)
CIK: 0000064996
Period of Report: 2007-05-16

Reporting Person: McCathron Richard (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-16	Common Stock	M	5000	$31.22	Acquired	5190	Direct
2007-05-16	Common Stock	M	5000	$29.77	Acquired	10190	Direct
2007-05-16	Common Stock	S	10000	$56.6934	Disposed	190	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-29	Common Stock	$51.43	A	10000	Acquired	2014-10-29	Common Stock (10000)	Direct
2007-05-16	Common Stock	$29.77	M	5000	Disposed	2010-10-27	Common Stock (5000)	Direct
2007-05-16	Common Stock	$31.22	M	5000	Disposed	2009-08-10	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	650	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock	$51.365	2014-04-30	Common Stock (5000)	5000	Direct

Footnotes

F1: 175 shares held as joint tenant with mother. 190 shares held as joint tenant with wife

F2: Allocations and disposition since last report