ATLANTIC AMERICAN CORP — Director's Dealing 2012

Feb 10, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2011-12-31

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7027	Indirect
Common Stock	7500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$		Common Stock (50000)	50000	Direct

Footnotes

F1: Between December 31, 2010 and December 31, 2011, Mr. Sample acquired 351 shares of common stock in the Company's 401(k) plan, based on the most recent plan statement.

F2: Mr. Sample also holds presently exercisable stock options to acquire 50,000 shares of common stock granted pursuant to the Company's 1992 Incentive Plan at an exercise price of $2.00 per share. The expiration date of these stock options is July 2, 2012.