ATLANTIC AMERICAN CORP — Director's Dealing 2016

May 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2016-05-02

Reporting Person: Howell Robin Robinson (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-02	Common Stock	F	3100	$4.18	Disposed	12925	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38000	Indirect
Common Stock	3953256	Indirect
Common Stock	2175	Indirect
Common Stock	713635	Indirect
Common Stock	168200	Indirect
Common Stock	190356	Indirect

Footnotes

F1: Mrs. Howell disclaims beneficial ownership of all such shares.

F2: Beneficiary under trust holding shares for her benefit and over which her mother, Harriett J. Robinson, is trustee.

F3: 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 221,681 shares owned through his 401(k) plan. Mrs. Howell disclaims beneficial ownership of all such shares.

F4: 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.

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.