Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Karfunkel Leah
  2. Issuer Name and Ticker or Trading Symbol
Amtrust Financial Services, Inc. [AFSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2015
(Street)

NEW YORK, NY 10038
4. If Amendment, Date Original Filed(Month/Day/Year)
07/30/2015
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/28/2015   J(1)   9,864,781 D $ 0 0 I By Grantor Retained Annuity Trust (2)
Common Stock 07/28/2015   J(1)   9,864,781 A $ 0 9,864,781 (3) I By Family Trust (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Karfunkel Leah
C/O AMTRUST FINANCIAL SERVICES, INC.
59 MAIDEN LANE, 43RD FLOOR
NEW YORK, NY 10038
  X   X    

Signatures

 /s/ Leah Karfunkel   06/20/2016
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The Michael Karfunkel 2005 Grantor Retained Annuity Trust distributed 9,864,781 shares of Common Stock by its terms to the Michael Karfunkel Family 2005 Trust (the "Family Trust").
(2) The reporting person was the sole trustee and a beneficiary of the Michael Karfunkel 2005 Grantor Retained Annuity Trust
(3) On February 2, 2016, the common stock of AmTrust Financial Services, Inc. split two-for-one, resulting in the reporting person's indirect ownership as co-trustee of the Family Trust of 9,864,781 additional shares of Common Stock. This is not reflected in this Form 4/A, which reports the amount of shares impacted by the transaction and the resulting beneficial ownership as of the date of the original Form 4 filing.
(4) The reporting person is co-trustee and a beneficiary of the Family Trust, shares voting and dispositive power over 3,814,781 of the shares of Common Stock held by the Family Trust, and has sole voting and dispositive power over the remaining 6,050,000 shares of Common Stock held by the Family Trust.
 
Remarks:
This amended Form 4 is being filed to correct the amount of securities impacted by and beneficially owned following the reported transaction. The original Form 4 stated 10,029,637 shares of Common Stock were distributed, acquired and beneficially owned, and that the reporting person shared voting and dispositive power over 3,979,637 shares of Common Stock held by the Family Trust. These amounts did not take into account a March 31, 2015 distribution of 164,856 shares of Common Stock from the Michael Karfunkel 2005 Grantor Retained Annuity Trust to Michael Karfunkel, as reported on a Form 5 filed by the reporting person on June 20, 2016

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