Sec Form 4 Filing - SCHLACHTER HARRY @ Amtrust Financial Services, Inc. - 2012-11-29

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person SCHLACHTER HARRY 2. Issuer Name and Ticker or Trading Symbol Amtrust Financial Services, Inc. [ AFSI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Treasurer (Last) (First) (Middle) AMTRUST FINANCIAL SERVICES INC, 59 MAIDEN LANE 6TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 11/29/2012 (Street) NEW YORK, NY10038 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/29/2012 M 5,063 A $ 13.22 24,603 D Common Stock 11/29/2012 M 15,429 A $ 12.7 40,032 D Common Stock 11/29/2012 S 14,466 ( 1 ) D $ 28.0473 ( 2 ) 25,566 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option ( 3 ) $ 13.22 11/29/2012 M 5,063 10/24/2008 10/24/2017 Common Stock 5,063 $ 0 5,938 D Stock Option ( 4 ) $ 12.7 11/29/2012 M 15,429 08/25/2009 08/25/2018 Common Stock 15,429 $ 0 6,572 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SCHLACHTER HARRY AMTRUST FINANCIAL SERVICES INC 59 MAIDEN LANE 6TH FLOOR NEW YORK, NY10038 Treasurer Signatures /s/ Harry Schlachter 12/03/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares sold to satisfy income tax withholding liabilities and payment of the option exercise price. ( 2 )The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.84 to $28.27 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, or the staff of the Securities and Exchange Commissions, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2. ( 3 )Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s 2010 Omnibus Incentive Plan, this option was previously reported as an option for 10,000 shares of common stock at an exercise price of $14.55 per share, but was adjusted to reflect the 10% stock dividend declared by AmTrust Financial Services, Inc. on August 6, 2012 and payable on September 20, 2012. ( 4 )Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s 2010 Omnibus Incentive Plan, this option was previously reported as an option for 20,000 shares of common stock at an exercise price of $12.70 per share, but was adjusted to reflect the 10% stock dividend declared by AmTrust Financial Services, Inc. on August 6, 2012 and payable on September 20, 2012.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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