ATLANTIC AMERICAN CORP — Director's Dealing 2009

Jan 29, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2008-12-31

Reporting Person: SAMPLE JOHN G JR (Senior VP & CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7502	Indirect
Common Stock	7500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$		Cmn Stk ()	50000	Direct

Footnotes

F1: Mr. Sample has an indirect ownership interest in 7502 shares held in a 401(k) Plan, based on the most recent plan statement.

F2: Mr. Sample also owns 50000 options granted pursuant to the Company's 1992 Incentive Plan at an option price of $2.00.