Harriett J. Robinson - Mar 31, 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
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 05:07 PM
Previous filing
Jun 9, 2021
Next filing
Dec 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAME Common Stock Sale -$5.46M -1.36M -100% $4.00 0 Mar 31, 2022 By Delta Life Insurance Company F1
transaction AAME Common Stock Purchase $5.46M +1.36M +36.3% $4.00 5.12M Mar 31, 2022 By Gulf Capital Services F1, F2
holding AAME Common Stock 830K Mar 31, 2022 Direct
holding AAME Common Stock 300K Mar 31, 2022 By Delta Fire & Casualty Insurance Company
holding AAME Common Stock 3.95M Mar 31, 2022 As Trustee F3
holding AAME Common Stock 4.09M Mar 31, 2022 As Trustee F4
holding AAME Common Stock 409K Mar 31, 2022 As Trustee F5
holding AAME Common Stock 511K Mar 31, 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 Mar 31, 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 shares sold by Delta Life Insurance Company in a private sale to Gulf Capital Services, Ltd.
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 .