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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units (1) | (10) | 03/05/2016 | M | 9,500 | (11) | (11) | Common Stock | 9,500 | $ 0 | 9,500 | D | ||||
| Restricted Stock Units (4) | (10) | 03/05/2016 | M | 9,172 | (12) | (12) | Common Stock | 9,172 | $ 0 | 18,344 | D | ||||
| Restricted Stock Units (7) | (10) | 03/05/2016 | M | 6,498 | (13) | (13) | Common Stock | 6,498 | $ 0 | 19,492 | D | ||||
| Restricted Stock Units | (10) | 03/05/2016 | A | 27,206 | (14) | (14) | Common Stock | 27,206 | $ 0 | 27,206 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Saxon Michael J C/O AMTRUST FINANCIAL SERVICES, INC. 59 MAIDEN LANE, 43RD FLOOR NEW YORK, NY 10038 |
EVP, Chief Operating Officer | |||
| /s/ Michael J. Saxon | 03/07/2016 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 9,500 restricted stock units granted to the reporting person on March 5, 2013 that had not yet vested on February 2, 2016 became 19,000 restricted stock units. |
| (2) | Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2013. |
| (3) | Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2013. |
| (4) | As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 13,758 restricted stock units granted to the reporting person on March 5, 2014 that had not yet vested on February 2, 2016 became 27,516 restricted stock units. |
| (5) | Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2014. |
| (6) | Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2014. |
| (7) | As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 12,995 restricted stock units granted to the reporting person on March 5, 2015 that had not yet vested on February 2, 2016 became 25,990 restricted stock units. |
| (8) | Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2015. |
| (9) | Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2015. |
| (10) | Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock. |
| (11) | On March 5, 2013, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date. |
| (12) | On March 5, 2014, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date. |
| (13) | On March 5, 2015, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date. |
| (14) | On March 5, 2016, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date. |