Harriett J. Robinson - 04 Feb 2021 Form 4 Insider Report for ATLANTIC AMERICAN CORP (AAME)

Role
Trustee under Rule 16a-8, 10%+ Owner
Signature
Harriett J. Robinson
Issuer symbol
AAME
Transactions as of
04 Feb 2021
Net transactions value
$0
Form type
4
Filing time
09 Jun 2021, 11:50:52 UTC
Next filing
04 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAME Common Stock Gift $0 -50,209 -5.3% $0.000000 893,020 04 Feb 2021 Direct F1
transaction AAME Common Stock Gift $0 -62,761 -7% $0.000000 830,259 04 Feb 2021 Direct F1
transaction AAME Common Stock Gift $0 +50,209 +14% $0.000000 408,765 04 Feb 2021 As Trustee F4
transaction AAME Common Stock Gift $0 +62,761 +14% $0.000000 510,956 04 Feb 2021 As Trustee F4
holding AAME Common Stock 300,000 04 Feb 2021 By Delta Fire & Casualty Insurance Company F2
holding AAME Common Stock 1,363,809 04 Feb 2021 By Delta Life Insurance Company F2
holding AAME Common Stock 3,756,746 04 Feb 2021 By Gulf Capital Services F3
holding AAME Common Stock 3,954,281 04 Feb 2021 As Trustee F5
holding AAME Common Stock 4,092,767 04 Feb 2021 As Trustee F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding AAME Series D Preferred Stock 55,000 04 Feb 2021 Common Stock 1,378,446 By Delta Life Insurance Company F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Gift of shares from Mrs. Robinson to trust for the benefit of her grandchildren.
F2 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.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 The Series D Preferred Stock is not currently convertible into common stock .