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Filing Details

Accession Number:: 0001365555-16-000242
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-07 16:24:09
Reporting Period:: 2016-03-04

Filing Date:: 2016-03-07
Accepted Time:: 2016-03-07 16:24:09
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
1380824	Jr E Ronald Pipoly	C/O Amtrust Financial Services, Inc. 59 Maiden Lane, 43Rd Floor New York NY 10038	Evp, Chief Financial 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	Disposition	2016-03-04	4,000	$25.61	578,962	No	4	S	Direct
Common Stock	Acquisiton	2016-03-05	8,972	$0.00	587,934	No	4	M	Direct
Common Stock	Disposition	2016-03-05	4,475	$25.73	583,459	No	4	F	Direct
Common Stock	Acquisiton	2016-03-05	9,172	$0.00	592,631	No	4	M	Direct
Common Stock	Disposition	2016-03-05	4,575	$25.73	588,056	No	4	F	Direct
Common Stock	Acquisiton	2016-03-05	6,498	$0.00	594,554	No	4	M	Direct
Common Stock	Disposition	2016-03-05	3,241	$25.73	591,313	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	F	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	Restricted Stock Units	Disposition	2016-03-05	8,972	$0.00	8,972	$0.00
Common Stock	Restricted Stock Units	Disposition	2016-03-05	9,172	$0.00	9,172	$0.00
Common Stock	Restricted Stock Units	Disposition	2016-03-05	6,498	$0.00	6,498	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2016-03-05	38,866	$0.00	38,866	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,972	No	4	M	Direct
18,344	No	4	M	Direct
19,492	No	4	M	Direct
38,866	No	4	A	Direct

Footnotes

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2015.
The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.51 to $25.86 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 Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2.
As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 8,972 restricted stock units granted to the reporting person on March 5, 2013 that had not yet vested on February 2, 2016 became 17,944 restricted stock units.
Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2013.
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. Pipoly on March 5, 2013.
As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 13,758 restricted stock units granted to the reporting person on March 5, 2014 that had not yet vested on February 2, 2016 became 27,516 restricted stock units.
Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2014.
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. Pipoly on March 5, 2014.
As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 12,995 restricted stock units granted to the reporting person on March 5, 2015 that had not yet vested on February 2, 2016 became 25,990 restricted stock units.
Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2015.
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. Pipoly on March 5, 2015.
Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
On March 5, 2013, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of 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.
On March 5, 2014, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of 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.
On March 5, 2015, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of 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.
On March 5, 2016, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of 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.