X0303 4 2008-07-01 0 0001065201 AMERINST INSURANCE GROUP LTD None 0001172905 AMERINST INVESTMENT CO LTD C/O USA OFFSHORE MANAGEMENT LTD. THE VALLIS BUILDING 58 PAR-LA-VILLIE RD HAMILTON D0 HM1838 BERMUDA 0 0 1 0 Common Stock 2008-07-01 4 J 0 1104 0 D 244463 D The Reporting Person is a wholly-owned subsidiary of the Issuer and distributed the shares to certain of the Issuer's directors in a transaction approved by the Issuer's board of directors. Stuart H. Grayston, President 2008-07-03