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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    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(f) of the Investment Company Act of 1940

[  ] Check this box if no longer subject of Section 16. Form 4 or Form 5
     obligations may continue. See Instruction 1(b).

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1. Name and Address of Reporting Person*

   Robinson                          J.                  Mack
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   (Last)                           (First)             (Middle)

   4370 Peachtree Road, NE
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                                    (Street)

   Atlanta                           GA                   30319-3000
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   (City)                           (State)              (Zip)


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2. Issuer Name and Ticker or Trading Symbol

   Atlantic American Corporation - AAME

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3. IRS or Social Security Number of Reporting Person (Voluntary)


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4. Statement for Month/Year

  April 1, 2003
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5. If Amendment, Date of Original (Month/Year)


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6. Relationship of Reporting Person to Issuer
   (Check all applicable)

   [ X ]   Director                             [ X ]   10% Owner
   [ X ]   Officer (give title below)           [   ]   Other (specify below)

           Chairman

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7. Individual or Joint/Group Filing (Check applicable line)

   [ X ] Form filed by one Reporting Person
   [   ] Form filed by more than one Reporting Person


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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 10,717 D 401(k) Plan(1) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock N/A 740,921 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock N/A 294,000 I By Delta Fire & Casualty - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock N/A 936,702 I By Delta Life Ins. Co. - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/01/03 P 12,800 A $1.544 I By Spouse 2(***) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/03/03 P 3,900 A $1.557 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/04/03 P 8,000 A $1.419 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/07/03 P 5,000 A $1.482 8,451,480 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock N/A 3,411,102 I Capital Services (3) - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 1 of 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature of Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock N/A Cmn. Stk. 100,000 D 4 Option - ------------------------------------------------------------------------------------------------------------------------------------ Option to Buy N/A Cmn. Stk 5,000 I By Spouse (5) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: *** Reporting Person expressly disclaims beneficial ownership of such securities. (1) Information herein based on plan statement as of December 31, 2002. (2) Includes 464,512 shares held directly by spouse; 6,720 shares held by spouse, jointly with grandson; 3,953,256 shares held directly by Trust for daughter, Robin Robinson with spouse as Trustee; and 4,026,992 shares held directly by Trust for daughter, Jill Robinson with spouse as Trustee. (3) Reporting person individually holds a 24% interest in partnership. The remaining partnerships are held in equal shares by Trust for benefit of the reporting person's daughters, with the reporting person's spouse as Trustee. The reporting person disclaims beneficial ownership for 76% of the securities held by Gulf Capital Services, representing the Trusts' pro- portionate partnership interest. (4) Options to buy Common Stock, granted at excersise price of $3.374 per share under the Atlantic American Corporation 1992 Incentive Plan. (5) Granted pursuant to the Company's 1996 Director Stock Option Plan at option prices ranging from $1.90 to $4.4375. /s/ 04/09/03 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Alternatively, this Form is permitted to be submitted to the Commission in electronic format at the option of the reporting person pursuant to rule 101(b)(4) of Regulation S-T. Page 2 of 2 (122797DTI)