ATLANTIC AMERICAN CORP — Director's Dealing 2020

Sep 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2020-09-04

Reporting Person: HOWELL HILTON H JR (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-04	Common Stock	F	9334	$2.02	Disposed	535940	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	274443	Indirect
Common Stock	62468	Indirect
Common Stock	358556	Indirect

Footnotes

F1: Represents the number of shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the reporting person's net share settlement upon the vesting of 26,667 shares of restricted stock and does not represent a sale by the reporting person.

F2: Based on most recent plan statement.

F3: Mr. Howell has an indirect interest in the following shares owned directly or indirectly by his spouse, Robin R. Howell: 22,925 shares owned directly; 2,175 shares owned in an IRA account and 37,368 shares held indirectly by her as custodian for their children. Mr. Howell disclaims beneficial ownership of all such shares.

F4: Shares held in a trust for the benefit of Mr. Howell's children and over which Mr. Howell's mother-in-law serves as trustee. Mr. Howell disclaims beneficial ownership of all such shares.