Statement of Changes in Beneficial Ownership (4)

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

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Shugrue Joseph Raymond	2. Issuer Name and Ticker or Trading Symbol Atlas Financial Holdings, Inc. [ AFH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner _____ Officer (give title below)    __X__ Other (specify below) Subsidiary Director/Officer
(Last)          (First)          (Middle) 432 BROOKSIDE DRIVE	3. Date of Earliest Transaction (MM/DD/YYYY) 3/12/2020
(Street) WILMETTE, IL 60091 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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
Restricted Common Stock	3/12/2020		J(1)		20000	D	(2)	76134	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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
Options (Common Shares)	$20.29	3/12/2020		J (3)			20000	3/12/2020	3/12/2020	Common Shares	20000	$0	33500	D

Explanation of Responses:
(1)	Atlas Financial Holdings, Inc. issued its executive officers restricted shares, the vesting of which was linked to the book value of the company's stock over a 5 year period. A portion of these shares did not qualify for vesting during the subject period and therefore were classified as unvested at the end of the award period of 3/12/2020. As a result of the unvested nature and the tolling of the award period these shares were cancelled as of 3/12/2020 to authorized and unissued accordingly.
(2)	Pursuant to grant. Cost basis zero.
(3)	Atlas Financial Holdings, Inc. issued its executive officers stock options, the vesting of which was linked to the book value of the company's stock over a 5 year period. A portion of these options did not qualify for vesting during the subject period and therefore were classified as unvested at the end of the award period of 3/12/2020. As a result of the unvested nature and the tolling of the award period these options are cancelled as of 3/12/2020.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Shugrue Joseph Raymond 432 BROOKSIDE DRIVE WILMETTE, IL 60091				Subsidiary Director/Officer

Signatures
//Joseph Shugrue//		3/12/2020
**Signature of Reporting Person		Date