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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
1464765	David Saks	C/O Amtrust Financial Services, Inc. 59 Maiden Lane, 6Th Floor New York NY 10038	Chief Legal 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	2012-11-27	11,420	$8.17	14,285	No	4	M	Direct
Common Stock	Disposition	2012-11-27	825	$27.85	13,460	No	4	S	Direct
Common Stock	Disposition	2012-11-28	6,203	$28.01	7,257	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	2012-11-27	11,420	$0.00	11,420	$8.17

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
43,580	2010-05-21	2019-05-21	No	4	M	Direct

Footnotes

Shares sold to satisfy income tax withholding liabilities and payment of the option exercise price.
The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.76 to $27.85 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, or the staff of the Securities and Exchange Commissions, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 2 and 3.
The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.93 to $28.09 per share, inclusive.
Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s 2010 Omnibus Incentive Plan, this option was previously reported as an option for 50,000 shares of common stock at an exercise price of $8.99 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.