AMTRUST FINANCIAL SERVICES, INC. - Corporate Solutions

Table of Contents
SECURITY OWNERSHIP OF MANAGEMENT
The following table sets forth information with respect to the beneficial ownership of our common stock by each director, each person
named in the Summary Compensation Table under “Executive Compensation,” and of all our directors and executive officers as a group as of
March 25, 2013. For purposes of the table below, derivative securities that are currently exercisable or exercisable within 60 days of March 25,
2013 into common stock are considered outstanding and beneficially owned by the person holding the derivative securities for the purposes of
computing beneficial ownership of that person, but are not treated as outstanding for the purpose of computing the percentage ownership of any
other person. All of the directors and executive officers have sole voting and investment power over the shares of common stock listed or share
voting and investment power with his or her spouse, except as otherwise provided below.
Name of Beneficial Owner
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Exchange Act requires our directors and executive officers to file reports of ownership and changes of ownership of
our common stock and derivative securities with the SEC. To our knowledge, based solely on our review of copies of reports furnished to us
and written representations that no other reports were required, during fiscal year 2012, all Section 16(a) filing requirements applicable to our
directors and executive officers and greater than 10% shareholders were timely met.
13
Amount & Nature of
Beneficial Ownership
Percent of
Donald T. DeCarlo 87,066
(1)
*
Susan C. Fisch 24,475
(1)
*
Abraham Gulkowitz 49,225
(1)
*
George Karfunkel 15,635,406
(2)
23.2 %
Michael Karfunkel 7,580,483
(3)
11.3 %
Jay J. Miller 159,225
(1)
*
Barry Zyskind 6,994,843
(4)
10.4 %
Ronald E. Pipoly, Jr. 378,654
(1)
*
Max G. Caviet 266,233
(1)
*
Michael J. Saxon 400,157
(1)
*
Christopher M. Longo 504,107
(1)
*
All executive officers and directors as a group (14 persons) 32,323,772
(1)
46.9 %
* Less than one percent.
(1) Includes shares the individuals have the right to acquire upon the exercise of options or the vesting of restricted stock units
within 60 days of March 25, 2013: Mr. DeCarlo – 20,625 shares; Mr. Gulkowitz – 48,125 shares; Ms. Fisch – 20,625 shares;
Mr. Miller – 158,125 shares; Mr. Pipoly– 252,779 shares; Mr. Caviet – 165,002 shares; Mr. Saxon – 261,214 shares; Mr. Longo
– 484,689 shares; all executive officers and directors as a group – 1,606,862 shares.
(2) The Chesed Foundation of America, a charitable foundation controlled by Mr. George Karfunkel, owns 7,206,964 of these shares
of common stock.
(3) The Hod Foundation, a charitable foundation controlled by Mr. Michael Karfunkel, owns 6,560,704 of these shares of common
stock.
(4) Mr. Zyskind holds 125,000 of these shares of common stock as a custodian for his children under the Uniform Transfers to
Minors Act and 352,245 of these shares of common stock in a family trust for which he has sole investment control. The Teferes
Foundation, a charitable foundation controlled by Mr. Zyskind, owns 137,075 of these shares of common stock. 1,096,700 of the
shares of common stock owned by Mr. Zyskind directly are pledged as collateral in a margin account.
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