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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
23 Jan 2023, 15:18:50 UTC
Prior SEC filing
21 Dec 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Harriett J. Robinson

Key filing fact

Harriett J. Robinson filed Form 4 for ATLANTIC AMERICAN CORP (AAME) on 23 Jan 2023.

Key facts

  • This page summarizes Harriett J. Robinson's Form 4 filing for ATLANTIC AMERICAN CORP (AAME).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 23 Jan 2023, 15:18.

Change

  • Previous filing in this sequence was filed on 21 Dec 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AAME transaction

Common Stock

Purchase

Transaction value
$900,000
Shares
+300,000
Change %
+36%
Price
$3.00
Shares after
1,130,259
Date
30 Dec 2022
Ownership
Direct
Footnotes
F1
AAME transaction

Common Stock

Sale

Transaction value
$900,000
Shares
-300,000
Change %
-100%
Price
$3.00
Shares after
0
Date
30 Dec 2022
Ownership
By Delta Fire & Casualty Insurance Company
Footnotes
F1
AAME holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,120,555
Date
30 Dec 2022
Ownership
By Gulf Capital Services
Footnotes
F2
AAME holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,954,281
Date
30 Dec 2022
Ownership
As Trustee
Footnotes
F3
AAME holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,092,767
Date
30 Dec 2022
Ownership
As Trustee
Footnotes
F4
AAME holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
408,765
Date
30 Dec 2022
Ownership
As Trustee
Footnotes
F5
AAME holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
510,956
Date
30 Dec 2022
Ownership
As Trustee
Footnotes
F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AAME holding Derivative

Series D Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
55,000
Date
30 Dec 2022
Ownership
By Delta Life Insurance Company
Underlying class
Common Stock
Underlying amount
1,378,446
Exercise price
Footnotes
F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F7

The Series D Preferred Stock is not currently convertible into common stock .

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