Harriett J. Robinson - Dec 30, 2022 Form 4 Insider Report for ATLANTIC AMERICAN CORP (AAME)

Role
Trustee under Rule 16a-8, 10%+ Owner
Signature
/s/ Harriett J. Robinson
Stock symbol
AAME
Transactions as of
Dec 30, 2022
Transactions value $
$0
Form type
4
Date filed
1/23/2023, 03:18 PM
Previous filing
Dec 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAME Common Stock Purchase $900K +300K +36.13% $3.00 1.13M Dec 30, 2022 Direct F1
transaction AAME Common Stock Sale -$900K -300K -100% $3.00 0 Dec 30, 2022 By Delta Fire & Casualty Insurance Company F1
holding AAME Common Stock 5.12M Dec 30, 2022 By Gulf Capital Services F2
holding AAME Common Stock 3.95M Dec 30, 2022 As Trustee F3
holding AAME Common Stock 4.09M Dec 30, 2022 As Trustee F4
holding AAME Common Stock 409K Dec 30, 2022 As Trustee F5
holding AAME Common Stock 511K Dec 30, 2022 As Trustee F5

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 55K Dec 30, 2022 Common Stock 1.38M By Delta Life Insurance Company F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents change in nature of Reporting Person's ownership as a result of the transfer of shares by private sale to Harriett J. Robinson from her affiliate Delta Fire & Casualty Insurance Company.
F2 Shares owned by Gulf Capital Services, an entity in which interests are held in equal amounts by trusts for the benefit of Mrs. Robinson's two daughters, and of which Mrs. Robinson serves as trustee. Mrs. Robinson disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein, if any.
F3 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.
F4 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.
F5 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.
F6 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.
F7 The Series D Preferred Stock is not currently convertible into common stock .