ATLANTIC AMERICAN CORP — Director's Dealing 2005

Apr 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2005-04-21

Reporting Person: WEST MARK C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-21	Common Stock	P	1000	$2.6875	Acquired	17533	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-21	Option to Buy	$2.6875	D	1000	Disposed	2005-05-02	Cmn Stk (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	127500	Indirect

Footnotes

F1: Mr. West also has an indirect ownership of 127500 shares owned by Atlantis Capital LLP, for which Mr. West is the President of the General Partner (Genoa Realty Services, Inc.)

F2: Mr. West also holds options to buy 2000 shares of Common Stock granted under the Company's 1996 Non-Employee Director Stock Option Plan at exercise prices ranging from $1.90 to $2.68.