Item 1. Security and Issuer.
This Schedule 13D is filed on behalf of Carl H. Lindner relative to the no par value Common Stock ("Common Stock") issued by American Financial Group, Inc. (referred to herein as "American Financial").
The principal executive offices of American Financial are located at One East Fourth Street, Cincinnati, Ohio 45202.
Item 2. Identity and Background.
(a) Carl H. Lindner
(b) One East Fourth Street, Cincinnati, Ohio 45202
(c) Individual Investor
(d) None
(e) None
(f) United States Citizen
Item 3
.
Source and Amount of Funds or Other Consideration
.
On April 7, 2010, the Reporting Person's spouse acquired 4,520,024 shares of AFG common stock from a trust for the benefit of the Reporting Person's family and for which third parties act as trustee with voting and dispositive power, by transferring other assets to such trust. On April 8, 2010, the Reporting Person's spouse transferred an aggregate of 9,700,000 shares of common stock to two newly created trusts for the benefit of the Reporting Person's family and for which third parties serve as trustee with voting and dispositive powers.
Item 4. Purpose of Transaction.
The Reporting Person considers his beneficial ownership of American Financial equity securities as an investment which he continues to evaluate. Although he has no present plans to do so, from time to time the Reporting Person may acquire additional American Financial equity securities or dispose of some or all of the American Financial equity securities which he beneficially owns.
Except as set forth in this Item 4, the Reporting Person presently has no plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Following the transactions of April 8, 2010 described in Item 3, the Reporting Person beneficially owned 1,359,175 shares (or approximately 1.2% of the outstanding shares) of American Financial Common Stock, which amount includes 306,939 shares held in a charitable foundation over which shares he holds voting and dispositive power.
The Reporting Person does not include as beneficially owned, 9,700,000 shares held in two grantor retained annuity trusts, the grantor of which is his spouse, and the beneficiaries of the trust are Mrs. Lindner and their sons but for which third parties act as trustee with voting and dispositive power.
- 3 -
As of April 8, 2010, and within the prior 60-day period, the Reporting Person had engaged in the following transactions.