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ATLANTIC AMERICAN CORP — Director's Dealing 2006
Aug 31, 2006
34495_dirs_2006-08-31_e8d37b7f-3a65-45ec-a1dd-d4c5c23b5cfa.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2006-08-30
Reporting Person: ROBINSON J MACK (Director, Chairman, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-08-30 | Common Stock | P | 500 | $2.618 | Acquired | 853469 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17463 | Indirect |
| Common Stock | 300000 | Indirect |
| Common Stock | 946702 | Indirect |
| Common Stock | 3490144 | Indirect |
| Common Stock | 8574364 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option to Buy | $ | Cmn Stk () | 1000 | Indirect |
Footnotes
F1: Mr. Robinson also has an indirect ownership interest in 17463 shares held in a 401(k) Plan based on the most recent plan statement.
F2: Mr. Robinson also has an indirect ownership interest in 3490144 shares owned by Gulf Capital Services, for which Mr. Robinson holds a 24% interest in the Partnership. The remaining partnerships are held in equal shares by Trust for benefit of Mr. Robinson's daughters, with Mr. Robinson's spouse as Trustee. Mr. Robinson disclaims beneficial ownership for 76% of the securities held by Gulf Capital Services, representing the Trusts' proportionate partnership interest.
F3: Mr. Robinson also has an indirect ownership interest in 8573364 shares, of which 587396 are owned directly by his spouse; 6720 shares held by spouse, jointly with grandson; 3953256 shares held directly by Trust for daughter, Robin Robinson, with spouse as Trustee; and, 4026992 shares held directly by Trust for daughter, Jill Robinson, with spouse as Trustee, all of which Mr. Robinson expressly disclaims beneficial ownership of such securities.
F4: Mr. Robinson also has an indirect ownership interest in options to acquire 1000 shares of common stock granted under the Company's 1996 Non-Employee Director Stock Option Plan at an exercise price of $2.68 held by his wife.