AMERISAFE INC — Director's Dealing 2011

May 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERISAFE INC (AMSF)
CIK: 0001018979
Period of Report: 2011-05-13

Reporting Person: BANTA GEOFFREY R (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-13	Common Stock, par value $.01	S	4818	$22.57	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (right to purchase)	$9.00	2015-11-17	Common Stock, par value $.01 (118750)	118750	Direct

Footnotes

F1: This price is a weighted average. Sales were made at various prices ranging from $22.51 to $22.61.

F2: Since the date of his last report Mr. Banta transferred 4,817 shares of common stock, par value $.01, and 118,750 options to purchase common stock, par value $.01, at a strike price of $9.00 to his ex-spouse pursuant to a domestic relations order. He does not report any of the shares or options so transferred to his ex-spouse as being beneficially held.