FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Ledbetter Reta Laurie 		2. Issuer Name and Ticker or Trading Symbol

State National Companies, Inc. [ SNC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O STATE NATIONAL COMPANIES, INC., 1900 L. DON DODSON DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/17/2017
(Street)

BEDFORD, TX 76021
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/17/2017     D (1)    4195582   D $21.00   (1) 0   I   By Trust  
Common Stock   11/17/2017     D (1)    346631   (2) D $21.00   (1) 123266   D    
Common Stock   11/17/2017     D    123266   (2) D $0.00   0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options   $10.00   11/17/2017     D   (3)       1473333      (4) 6/25/2024   Common Stock   1473333   $11.00   (3) 0   D    

Explanation of Responses:
(1)  Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted.
(2)  These shares are held directly by Terry Lee Ledbetter.
(3)  In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $16,206,663, representing the difference between $21.00 and the exercise price.
(4)  The stock options vested in three equal annual installments beginning 06/25/2015.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ledbetter Reta Laurie
C/O STATE NATIONAL COMPANIES, INC.
1900 L. DON DODSON DRIVE
BEDFORD, TX 76021
X

Ledbetter Terry Lee
C/O STATE NATIONAL COMPANIES, INC.
1900 L. DON DODSON DRIVE
BEDFORD, TX 76021 		X X Chief Executive Officer
Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended
C/O STATE NATIONAL COMPANIES, INC.
1900 L. DON DODSON DRIVE
BEDFORD, TX 76021
X


Signatures
/s/ David M. Cleff, as Attorney in Fact for Reta Laurie Ledbetter 11/17/2017
** Signature of Reporting Person Date

/s/ David M. Cleff, as Attorney in Fact for Terry Lee Ledbetter 11/17/2017
** Signature of Reporting Person Date

/s/ David M. Cleff, as Attorney in Fact for Terry Lee Ledbetter and Reta Laurie Ledbetter in their capacity as co-trustees 11/17/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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