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Filing Details

Accession Number:: 0001365555-13-000029
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-02-19 10:00:42
Reporting Period:: 2013-02-14

Filing Date:: 2013-02-19
Accepted Time:: 2013-02-19 10:00:42
SEC Url:: Form 4 Filing

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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-02-14	13,200	$6.36	132,330	No	4	M	Direct
Common Stock	Disposition	2013-02-14	5,688	$32.08	126,642	No	4	S	Direct
Common Stock	Disposition	2013-02-15	300	$33.28	126,342	No	4	S	Direct
Common Stock	Disposition	2013-02-15	200	$33.28	126,142	No	4	S	Direct
Common Stock	Acquisiton	2013-02-15	5,748	$0.00	131,890	No	4	M	Direct
Common Stock	Disposition	2013-02-15	1,913	$33.03	129,977	No	4	F	Direct
Common Stock	Acquisiton	2013-02-15	5,752	$0.00	135,729	No	4	M	Direct
Common Stock	Disposition	2013-02-15	1,914	$33.03	133,815	No	4	F	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Disposition	2013-02-14	13,200	$0.00	13,200	$6.36
Common Stock	Restricted Stock Units	Disposition	2013-02-15	5,748	$0.00	5,748	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-02-15	5,752	$0.00	5,752	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
164,412	2007-02-09	2016-02-09	No	4	M	Direct
11,495			No	4	M	Direct
17,256			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.
Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on February 15, 2011.
Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on February 15, 2011.
Acquisition of common stcok resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on February 15, 2012.
Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on February 15, 2012.
Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
On February 15, 2011, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting 25% on the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s Omnibus Incentive Plan, 15,675 outstanding restricted stock units granted to Mr. Saxon on February 15, 2011 and held on September 20, 2012 became 17,243 restricted stock units.
On February 15, 2012, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting 25% on the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s Omnibus Incentive Plan, 20,916 restricted stock units granted to Mr. Saxon on February 15, 2012 and held on September 20, 2012 became 23,008 restricted stock units.