Sec Form 4 Filing - AIA Partners, LLC @ KINGSTONE COMPANIES, INC. - 2010-06-30

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
AIA Partners, LLC
2. Issuer Name and Ticker or Trading Symbol
KINGSTONE COMPANIES, INC. [ KINS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
26 HUNTING HILL DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2010
(Street)
DIX HILLS, NY11746
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 06/30/2010 J( 1 ) 472,727 A $ 1.65 499,947 D
Common Stock 06/30/2010 J( 2 ) 22,380 A $ 0 ( 2 ) 522,327 D
Common Stock 06/30/2010 J( 3 ) 522,327 D $ 0 ( 3 ) 0 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
Series E Preferred Stock $ 2 06/30/2010 J( 1 ) 780 05/12/2009 ( 4 ) Common Stock 390,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
AIA Partners, LLC
26 HUNTING HILL DRIVE
DIX HILLS, NY11746
X
Shapiro Steven
26 HUNTING HILL DRIVE
DIX HILLS, NY11746
X
Signatures
AIA Partners, LLC by /s/ Steven Shapiro, Manager 07/01/2010
Signature of Reporting Person Date
/s/ Steven Shapiro 07/01/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person and the Issuer agreed to exchange the Reporting Person's shares of Series E Preferred Stock for shares of Common Stock of the Issuer at an effective price of $1.65 per share.
( 2 )The shares of Common Stock were transferred by AIA Acquisition Corp. to AIA Partners, LLC. The shareholders of AIA Acquisition Corp. are identical to the members of AIA Partners, LLC.
( 3 )The Reporting Person made a distribution of its 522,327 shares of Common Stock to its members on a pro-rata basis.
( 4 )The Reporting Person had the right to convert the Series E Preferred Stock into Common Stock until the Series E Preferred Stock was redeemed by the Issuer.

Remarks:
This report is field jointly by AIA Partners, LLC and Steven Shapiro. The reported securities are owned directly by AIA Partners, LLC. Mr. Shapiro is a member and the sole manager of AIA Partners, LLC. Mr. Shapiro disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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).
** 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 is insufficient, see Instruction 6 for procedure.
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 Number.