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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1096343	Markel Corp	MKL	Fire, Marine & Casualty Insurance (6331)	541959284

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1184575	A Steven Markel	C/O Markel Corporation 4521 Highwoods Pkwy Glen Allen VA 23060	Vice Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-11-15	7,208	$396.61	136,427	No	4	S	Direct
Common Stock	Disposition	2011-11-16	5,292	$396.57	131,135	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,954	Indirect	401(K) Plan
Common Stock	58,058	Indirect	By Trust
Common Stock	4,375	Indirect	By Trust
Common Stock	15,000	Indirect	By Spouse

Footnotes

Sales were effected in forty-three separate transactions at prices ranging from $396.00 to $397.472. Mr. Markel will provide upon request by the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
Sales were effected in twenty-four separate transactions at prices ranging from $396.00 to $398.25. Mr. Markel will provide upon request by the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
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 September 30, 2011 and utilizes the closing stock price on that date of $357.13. As of 9/30/2011, a unit under the Plan represented one share of Common Stock.
Mr. Markel is a Trustee and partial beneficiary of four Grantor Retained Annuity Trusts. The total reported represents the aggregate of the trusts.
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.
Beneficial ownership of securities is expressly disclaimed.