ATLANTIC AMERICAN CORP — Director's Dealing 2016

May 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2016-05-03

Reporting Person: Howell Robin Robinson (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-03	Common Stock	A	10000	$0.00	Acquired	22925	Direct
2016-05-03	Common Stock	A	10000	$0.00	Acquired	723635	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38000	Indirect
Common Stock	3953256	Indirect
Common Stock	2175	Indirect
Common Stock	168200	Indirect
Common Stock	190356	Indirect

Footnotes

F1: Represents grant of restricted stock, which vests in full on May 1, 2017.

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.: 501,954 shares owned directly and 221,681 shares owned through his 401(k) plan. Mrs. Howell disclaims beneficial ownership of all such shares.

F5: Shares 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.

F6: Shares 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.