KARFUNKEL MICHAEL 5
5 · Amtrust Financial Services, Inc. · Filed Feb 17, 2009
Insider Transaction Report
Form 5
KARFUNKEL MICHAEL
Director10% Owner
Transactions
- Gift
Common Stock
2008-08-01+3,992,857→ 5,812,500 total(indirect: See Footnote) - Gift
Common Stock
2008-08-01−3,992,857→ 0 total(indirect: See Footnote)
Holdings
- 9,033,000
Common Stock
Footnotes (3)
- [F1]Charitable contribution of 3,992,857 shares of Common Stock to Hod Foundation.
- [F2]These shares were owned by New Gulf Holdings, Inc. ("NGH"), which is a wholly owned subsidiary of Gulf USA Corporation ("Gulf"). The Reporting Person owns 50.0% of Gulf. With respect to the shares owned by NGH, the Reporting Person shares voting and investment power with George Karfunkel.
- [F3]Shares held by Hod Foundation, a charitable foundation controlled by the Reporting Person, which owns 5,812,500 shares of common stock. The Reporting Person does not have a beneficial interest in the shares owned by Hod Foundation and, therefore, disclaims beneficial ownership of these shares of common stock.