X0303 4 2009-05-07 0 0001065201 AMERINST INSURANCE GROUP LTD none 0001437821 Klunk David R 534 EAST KING STREET LITTLESTOWN PA 17340 1 0 0 0 Common Stock 2009-05-07 4 J 0 4000 0 A 4138 D Distribution from Philip R. Friedman and Associates LLP, of which the reporting person is the mananging partner. In prior reports, the reporting person reported beneficial ownership of the 4,000 shares of issuer's common stock held by Philip R. Friedman and Associates LLP. /s/ David R. Klunk 2009-05-08