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 *
MAGNOLIA CAPITAL PARTNERS, LLC
  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 __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
15 E. 5TH STREET, SUITE 3200
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2014
(Street)

TULSA, OK 74103
4. If Amendment, Date Original Filed(Month/Day/Year)
06/18/2014
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 (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 (1) (2) 06/16/2014   S   8,414 (2) D $ 15.8 1,342,923 (2) D  
COMMON STOCK (1) (3) 06/16/2014   S   2,611 (3) D $ 15.81 1,340,312 D  
COMMON STOCK (4) (5) 06/16/2014   S   1,035 D $ 15.92 1,338,670 D  
COMMON STOCK (4) (6) 06/16/2014   S   700 D $ 15.9214 1,337,970 D  
COMMON STOCK (4) (7) 06/16/2014   S   1,004 D $ 15.94 1,336,966 D  
COMMON STOCK               1,335,939 (8) D  

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
MAGNOLIA CAPITAL PARTNERS, LLC
15 E. 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    
ELLBAR PARTNERS MANAGEMENT, LLC
15 E 5TH STREET-SUITE 3200
TULSA, OK 74103
    X    
Adelson James F
15 EAST 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    
Heyman Stephen J
15 EAST 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    

Signatures

 Paula L. Skidmore, Attorney-in-Fact for the Reporting Persons   06/20/2014
**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 Form 4, as originally filed, improperly reported the sale of 5,000 shares on an aggregate basis at an average price of $15.8012. The Form 4, as amended by this Form 4/A, correctly reports the number of shares sold at each price on separate lines. The Form 4 as originally filed is hereby amended to delete Line 4 in Table I.
(2) This transaction is amended to show the total number of shares sold at $15.80 and the number of shares beneficially owned following this transaction.
(3) This transaction is amended to show the total number of shares sold at $15.81.
(4) The Form 4, as originally filed, improperly reported the sale of 2,739 shares on an aggregate basis at an average price of $15.9277. The Form 4, as amended by this Form 4/A, correctly reports the number of shares sold at each price on separate lines. The Form 4 as originally filed is hereby amended to delete Line 7 in Table I.
(5) This line is added to show the total number of shares sold at $15.92.
(6) This line is added to show the total number of shares sold at $15.9214.
(7) This line is added to show the total number of shares sold at $15.94.
(8) The amount of securities beneficially owned following all transactions reported on the Form 4, as amended by this Form 4/A, remains 1,335,939 as shown on Line 8 in Table I of the Form 4 filed 06-18-2014.
 
Remarks:
This form is filed as an amendment in order to amend transactional information already disclosed on Table I of the Form 4 filed 06-18-2014. This is a joint filing by Magnolia Capital Partners, LLC ("MCP"), Ellbar Partners Management, LLC ("ECM"), James F. Adelson and Stephen J. Heyman. EPM is the sole manager of MCP. Messrs. Adelson and Heyman are the joint managers of EPM. EPM, and Messrs. Adelson and Heyman disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.

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