Sec Form 4 Filing - Pipoly Ronald E Jr @ Amtrust Financial Services, Inc. - 2016-03-04

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 Pipoly Ronald E Jr 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) EVP, Chief Financial Officer (Last) (First) (Middle) C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 03/04/2016 (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 ( 1 ) 03/04/2016 S 4,000 D $ 25.605 ( 2 ) 578,962 D Common Stock 03/05/2016 M 8,972 ( 3 ) A ( 4 ) $ 0 587,934 D Common Stock 03/05/2016 F 4,475 ( 5 ) D $ 25.73 583,459 D Common Stock 03/05/2016 M 9,172 ( 6 ) A ( 7 ) $ 0 592,631 D Common Stock 03/05/2016 F 4,575 ( 8 ) D $ 25.73 588,056 D Common Stock 03/05/2016 M 6,498 ( 9 ) A ( 10 ) $ 0 594,554 D Common Stock 03/05/2016 F 3,241 ( 11 ) D $ 25.73 591,313 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 Restricted Stock Units ( 3 ) ( 12 ) 03/05/2016 M 8,972 ( 13 ) ( 13 ) Common Stock 8,972 $ 0 8,972 D Restricted Stock Units ( 6 ) ( 12 ) 03/05/2016 M 9,172 ( 14 ) ( 14 ) Common Stock 9,172 $ 0 18,344 D Restricted Stock Units ( 9 ) ( 12 ) 03/05/2016 M 6,498 ( 15 ) ( 15 ) Common Stock 6,498 $ 0 19,492 D Restricted Stock Units ( 12 ) 03/05/2016 A 38,866 ( 16 ) ( 16 ) Common Stock 38,866 $ 0 38,866 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Pipoly Ronald E Jr C/O AMTRUST FINANCIAL SERVICES, INC. 59 MAIDEN LANE, 43RD FLOOR NEW YORK, NY10038 EVP, Chief Financial Officer Signatures /s/ Ronald E. Pipoly, Jr. 03/07/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2015. ( 2 )The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.51 to $25.86 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 Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2. ( 3 )As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 8,972 restricted stock units granted to the reporting person on March 5, 2013 that had not yet vested on February 2, 2016 became 17,944 restricted stock units. ( 4 )Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2013. ( 5 )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. Pipoly on March 5, 2013. ( 6 )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. ( 7 )Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2014. ( 8 )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. Pipoly on March 5, 2014. ( 9 )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. ( 10 )Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2015. ( 11 )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. Pipoly on March 5, 2015. ( 12 )Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock. ( 13 )On March 5, 2013, Mr. Pipoly 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, 2014, Mr. Pipoly 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. ( 15 )On March 5, 2015, Mr. Pipoly 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. ( 16 )On March 5, 2016, Mr. Pipoly 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.

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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