Filing Details

Accession Number:
0001140361-15-035434
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-09-18 14:51:06
Reporting Period:
2015-09-17
Filing Date:
2015-09-18
Accepted Time:
2015-09-18 14:51:06
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
Yes No Yes Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2015-09-17 15,000 $0.00 848,760 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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
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
  1. Shares were purchased in multiple open market transactions on September 17, 2015 at a weighted average purchase price of $3.50 per share. The per share price in each transaction ranged from $3.49 to $3.50. The reporting person undertakes to provide to 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.
  2. 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.
  3. Mrs. Robinson has an indirect interest in the 3,756,746 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.
  4. 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 interests therein.
  5. 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.
  6. 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.
  7. 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.
  8. The Series D Preferred Stock was convertible into common stock upon issuance and has no expiration date.