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Filing Details

Accession Number:: 0001567619-19-017452
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-08-22 13:52:39
Reporting Period:: 2019-08-20

Accepted Time:: 2019-08-22 13:52:39
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
8177	Atlantic American Corp	AAME	Life Insurance (6311)	581027114

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1196567	J Harriett Robinson	4370 Peachtree Road, N.e. Atlanta GA 30319		No	No	Yes	Yes

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	Explanation
Common Stock	Acquisiton	2019-08-21	10,000	$0.00	943,229	No	4	P	Direct
Common Stock	Acquisiton	2019-08-20	8,837	$0.00	933,229	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	300,000	Indirect	By Delta Fire & Casualty Insurance Company
Common Stock	1,363,809	Indirect	By Delta Life Insurance Company
Common Stock	3,756,746	Indirect	By Gulf Capital Services
Common Stock	378,450	Indirect	As Trustee
Common Stock	428,301	Indirect	As Trustee
Common Stock	3,953,256	Indirect	As Trustee
Common Stock	4,088,792	Indirect	As Trustee

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series D Preferred Stock	$0.00			1,378,446	55,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,378,446	55,000	Indirect

Footnotes

Shares were purchased in multiple open market transactions on August 21, 2019 at a weighted average price of $2.48 per share. The per share price in each transaction ranged from $2.45 to $2.53. The reporting person undertakes to provide to Atlantic American Corporation, any security holder of Atlantic American Corporation, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
Shares were purchased in multiple open market transactions on August 20, 2019 at a weighted average purchase price of $2.40 per share. The per share price in each transaction ranged from $2.39 to $2.40. The reporting person undertakes to provide to Atlantic American Corporation, any security holder of Atlantic American Corporation, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
Shares owned by an entity controlled by Mrs. Robinson. Mrs. Robinson disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
Mrs. Robinson has an indirect interest in the shares owned by Gulf Capital Services, an entity in which she holds a 24% interest, with the remaining interests being held in equal amounts by trusts for the benefit of her two daughters, and of which she serves as trustee. Mrs. Robinson disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein, if any.
Mrs. Robinson serves as trustee of a trust for the benefit of her grandchildren. Mrs. Robinson disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
Mrs. Robinson serves as trustee of a trust for the benefit of her daughter, Robin R. Howell. Mrs. Robinson disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
Mrs. Robinson serves as trustee of a trust for the benefit of her daughter, Jill Robinson. Mrs. Robinson disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
The Series D Preferred Stock is convertible into common stock at a per share price of $3.99, subject to certain anti-dilution provisions, provided that in no case may the conversion price be less than $2.59 per share without the prior approval of the Company's shareholders. Such shares are owned by Delta Life Insurance Company and Mrs. Robinson disclaims beneficial ownership of such shares.
The Series D Preferred Stock is not currently convertible into common stock .