AMERISAFE INC — Director's Dealing 2010

Jul 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERISAFE INC (AMSF)
CIK: 0001018979
Period of Report: 2010-07-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-21	Common Stock, par value $.01	M	13735	$9.00	Acquired	19733	Direct
2010-07-21	Common Stock, par value $.01	S	13735	$17.76	Disposed	5998	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-21	Option (right to buy)	$9.00	M	13735	Disposed	2015-11-17	Common stock, par value $.01 (13735)	Direct

Footnotes

F1: Transaction completed pursuant to 10b5-1 Plan executed while officer was not in possession of material non-public information.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.75 to $17.90.

F3: Of the 133,765 options to purchase common stock owned by the reporting officer, 86,265 have vested. The remaining 47,500 options vest on November 17, 2010.