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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 7/31/19 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 8177 |
| Issuer Name: ATLANTIC AMERICAN CORP |
| Issuer Trading Symbol: AAME |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1713860 |
| | Owner Name: Franklin Jeffrey Ross |
| Reporting Owner Address: |
| | Owner Street 1: 4370 PEACHTREE ROAD, N.E. |
| | Owner Street 2: |
| | Owner City: ATLANTA |
| | Owner State: GA |
| | Owner ZIP Code: 30319 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: VP, CFO & Secretary |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 7/31/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 700 |
| | | Transaction Price Per Share: |
| Value: 2.45 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 18,081 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Footnotes: |
| Footnote - 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 2,000 shares of restricted stock and does not represent a sale by the reporting person. |
| Owner Signature: |
| Signature Name: /s/ J. Ross Franklin |
| Signature Date: 8/2/19 |
