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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1365555	Amtrust Financial Services Inc.	AFSI	Fire, Marine & Casualty Insurance (6331)	043106389

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1380886	J Michael Saxon	C/O Amtrust Financial Services, Inc. 59 Maiden Lane, 6Th Floor New York NY 10038	Chief Operating Officer	No	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
Common Stock	Acquisiton	2012-10-15	13,200	$6.36	108,804	No	4	M	Direct
Common Stock	Disposition	2012-10-15	5,688	$24.45	103,116	No	4	S	Direct
Common Stock	Disposition	2012-10-15	1,938	$24.70	101,178	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Disposition	2012-10-15	13,200	$0.00	13,200	$6.36

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
217,212	2007-02-09	2016-02-09	No	4	M	Direct

Footnotes

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 19, 2011.
Shares sold to satisfy income tax withholding liabilities and payment of the option exercise price.
Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s 2010 Omnibus Incentive Plan, this option was previously reported as an option for 209,465 shares of common stock at an exercise price of $7.00 per share, but was adjusted to reflect the 10% stock dividend declared by AmTrust Financial Services, Inc. on August 6, 2012 and payable on September 20, 2012.