AMERISAFE INC — Director's Dealing 2007

Mar 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERISAFE INC (AMSF)
CIK: 0001018979
Period of Report: 2007-03-12

Reporting Person: LEACH CRAIG P (EVP, Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-12	Common Stock, par value $.01 per share	M	47500	$9.00	Acquired	51765	Direct
2007-03-12	Common Stock, par value $.01 per share	S	15000	$18.285	Disposed	36765	Direct
2007-03-12	Common Stock, par value $.01 per share	S	32500	$18.29	Disposed	4265	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-12	Employee Stock Option (right to buy)	$9.00	M	47500	Disposed	2015-11-17	Common Stock, par value $.01 per share (47500)	Direct

Footnotes

F1: Of the 237,500 shares subject to the option, 47,500 vested on November 17, 2006. The remaining 190,000 shares vest in four equal annual increments beginning on November 17, 2007.