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ATLANTIC AMERICAN CORP Director's Dealing 2013

May 8, 2013

34495_dirs_2013-05-08_ca6d9faf-b17e-42e7-a386-91acefb9fb80.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: 2013-05-07

Reporting Person: Howell Robin Robinson (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-05-07 Common Stock A 5000 $0.00 Acquired 6025 Direct
2013-05-07 Common Stock A 85000 $0.00 Acquired 671280 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 38000 Indirect
Common Stock 3953256 Indirect
Common Stock 2175 Indirect
Common Stock 6720 Indirect
Common Stock 378450 Indirect

Footnotes

F1: Represents grant of restricted stock, which vests in full on May 5, 2014.

F2: Mrs. Howell disclaims beneficial ownership of all such shares.

F3: Beneficiary under trust holding shares for her benefit and over which her mother, Harriett J. Robinson, is trustee.

F4: Mrs. Howell has an indirect interest in the following shares of Common Stock owned by her husband, Hilton H. Howell, Jr.: 491,954 shares owned directly and 179,326 shares owned through his 401(k) plan. Mrs. Howell disclaims beneficial ownership of all such shares.

F5: Mrs. Howell disclaims beneficial ownership of all such shares.

F6: Shares of Common Stock held in a trust for the benefit of Mrs. Howell's children and over which her mother serves as trustee. Mrs. Howell disclaims beneficial ownership of all such shares.