Sec Form 13D Filing - MARKEL GROUP INC. (MKL) filing for Atlantic Union Bankshares Corp (AUB) - 2013-08-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

UNION FIRST MARKET BANKSHARES CORPORATION

(Name of Issuer)

 

 

Common Stock, no par value

(Title of Class of Securities)

905399101

(CUSIP Number)

D. Michael Jones

Markel Corporation

4521 Highwoods Parkway

Glen Allen, Virginia 23260

(804) 747-0136

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 5, 2013

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box  ¨.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 


SCHEDULE 13D

 

CUSIP No. 905399101  

 

  1   

Names of reporting persons.

I.R.S. Identification nos. of above persons (entities only).

 

Markel Corporation

54-1959284

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Virginia

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    1,189,214

     8   

Shared voting power

 

    0

     9   

Sole dispositive power

 

    1,189,214

   10   

Shared dispositive power

 

    0

11  

Aggregate amount beneficially owned by each reporting person

 

    1,189,214

12  

Check box if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row (11)

 

    4.8%

14  

Type of reporting person

 

    CO, HC

 


Note: This Amendment No. 4 amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission on February 11, 2010, as amended on February 13, 2013, March 7, 2013 and July 1, 2013. Capitalized terms used in this Amendment No. 4 and not defined herein have the respective meanings ascribed to such terms in the Schedule 13D, as previously amended.

 

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and restated as follows:

(a) As of the date hereof, Markel beneficially owns 1,189,214 shares of the Issuer’s common stock, which represents approximately 4.8% of the outstanding shares of the class. The percentage calculation is based on 24,885,653 shares outstanding, which reflects the number of shares outstanding as of August 1, 2013, as reported by the Issuer. The ownership of the Issuer’s common stock by the Listed Persons is provided on Schedule A annexed hereto and is incorporated herein.

(b) Markel has sole voting and dispositive power with regard to the shares of common stock described in Item 5(a).

(c) Schedule B annexed hereto lists all the transactions in the Issuer’s common stock by Markel and Steven A. Markel during the past 60 days. There were no transactions in the Issuer’s common stock by Thomas S. Gayner during the past 60 days.

(d) No person other than Markel is known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the shares of common stock reported in this Statement.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: August 12, 2013

 

Markel Corporation
By:  

/s/ D. Michael Jones

Name:   D. Michael Jones
Title:   General Counsel and Secretary


SCHEDULE A

 

Name

   Position and Present Principal Occupation   

Shares of Issuer’s Common

Stock Owned

Alan I. Kirshner

   Chairman of the Board and Chief Executive Officer, Markel Corporation    -0-

Anthony F. Markel

   Vice Chairman of the Board, Markel Corporation    -0-

Steven A. Markel

   Vice Chairman of the Board, Markel Corporation    -0-

Gerard Albanese, Jr.

   Executive Vice President and Chief Underwriting Officer, Markel Corporation    -0-

J. Alfred Broaddus, Jr.

   Director, Markel Corporation; Private Investor; Retired President, Federal Reserve Bank of Richmond    -0-

F. Michael Crowley

   President and Co-Chief Operating Officer, Markel Corporation    -0-

Douglas C. Eby

   Director, Markel Corporation; Private Investor; Retired President, Torray LLC    -0-

Britton L. Glisson

   Chief Administrative Officer, Markel Corporation    -0-

Stewart M. Kasen

   Director, Markel Corporation; Retired President and Chief Executive Officer, S&K Famous Brands, Inc.    -0-

Lemuel E. Lewis

   Director, Markel Corporation; Retired Executive Vice President and Chief Financial Officer, Landmark Communications, Inc.    -0-

Darrell D. Martin

   Director, Markel Corporation; Retired Executive Vice President and Chief Financial Officer, Markel Corporation    -0-

Jay M. Weinberg

   Director, Markel Corporation; Chairman Emeritus, Hirschler Fleischer    -0-

Debora J. Wilson

   Director, Markel Corporation; Retired President and Chief Executive Officer, The Weather Channel    -0-


Michael O’Reilly

   Director, Markel Corporation; Retired    -0-

K. Bruce Connell

   Director, Markel Corporation; Retired    -0-

Thomas S. Gayner

   President and Chief Investment Officer, Markel Corporation    100*

Richard R. Whitt, III

   President and Co-Chief Operating Officer, Markel Corporation    -0-

Bradley J. Kiscaden

   Executive Vice President and Chief Actuarial Officer, Markel Corporation    -0-

Anne G. Waleski

   Vice President and Chief Financial Officer, Markel Corporation    -0-

 

* Represents less than 1% of the Issuer’s shares.

Each of the above named persons is a U.S. citizen.

The principal business address for each of the persons listed above is c/o Markel Corporation, 4521 Highwoods Parkway, Glen Allen, Virginia 23060.


SCHEDULE B

 

Reporting Person

   Date    Transaction    Number of Shares      Price Per Share      Nature of Transaction

Markel Corporation

   6/17/2013    Sale      108,500       $ 20.0591       Open market sale

Markel Corporation

   6/18/2013    Sale      57,500       $ 20.0401       Open market sale

Markel Corporation

   6/19/2013    Sale      1,300       $ 20.0000       Open market sale

Markel Corporation

   6/20/2013    Sale      26,399       $ 19.90       Open market sale

Markel Corporation

   6/21/2013    Sale      12,201       $ 20.0083       Open market sale

Markel Corporation

   6/24/2013    Sale      14,722       $ 20.0035       Open market sale

Markel Corporation

   6/25/2013    Sale      19,378       $ 20.0051       Open market sale

Steven A. Markel

   7/01/2013    Sale      16,040       $ 20.8067       Open market sale

Markel Corporation

   7/24/2013    Sale      60,000       $ 22.7053       Open market sale

Markel Corporation

   7/25/2013    Sale      124,000       $ 22.7366       Open market sale

Markel Corporation

   7/26/2013    Sale      24,000       $ 22.5256       Open market sale

Markel Corporation

   7/29/2013    Sale      500       $ 22.5030       Open market sale

Markel Corporation

   7/30/2013    Sale      1,900       $ 22.4658       Open market sale

Markel Corporation

   7/31/2013    Sale      4,225       $ 22.4276       Open market sale

Markel Corporation

   8/01/2013    Sale      5,000       $ 22.3171       Open market sale

Markel Corporation

   8/02/2013    Sale      28,500       $ 22.3547       Open market sale

Markel Corporation

   8/05/2013    Sale      95,000       $ 22.4016       Open market sale

Markel Corporation

   8/09/2013    Sale      126,000       $ 22.3111       Open market sale

The sales by Markel Corporation dated June 17 through June 25 listed in the table above were previously reported in Amendment No. 3 to the Company’s Schedule 13D filed with the Securities and Exchange Commission.