ATLANTIC AMERICAN CORP — Director's Dealing 2023

Feb 13, 2023

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2022-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-01	Common Stock	J	30368	$0.00	Disposed	34075	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	517272	Direct
Common Stock	309046	Indirect
Common Stock	408765	Indirect

Footnotes

F1: Reflects the reporting person's interest in equivalent shares held by the unitized stock fund in the Atlantic American Corporation 401(k) Plan.

F2: Represents a disposition of 30,368 shares formerly held by Mr. Howell's spouse, Robin R. Howell, as custodian for the benefit of their children. On the transaction date, the shares were transferred to the individual holdings of the adult children.

F3: Mr. Howell has an indirect interest in the following shares owned directly or indirectly by his spouse, Robin R. Howell: 31,900 shares owned directly and 2,175 shares owned in an IRA account. 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.