8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

         Date of report (Date of earliest event reported): August 19, 2009

Unico American Corporation

 (Exact Name of Registrant as Specified in Its Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

0-3978	95-2583928
(Commission File Number)	(IRS Employer Identification No.)
23251 Mulholland Drive
Woodland Hills, California	91364
(Address of Principal Executive Offices)	(Zip Code)

(818) 591-9800

(Registrant's Telephone Number, Including Area Code)

(Former name or former address, if changed since last Report.)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act

         (17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17

         CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the

         Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the

         Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On August 19, 2009, the Registrant issued a Press Release titled "Unico American Corporation Announces Share Repurchase."  A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.  Financial Statements and Exhibits.

(d)       Exhibits

 99.1              Press Release dated August 19, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                                                             UNICO AMERICAN CORPORATION

                                                             (Registrant)

Date: April 19, 2009                        By:   /s/ Lester A. Aaron

                                                          Name:   Lester A. Aaron

                                                          Title:   Chief Financial Officer

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EXHIBIT INDEX

Exhibit Number	Description
99.1	News Release dated August 19, 2009

EX-99.1

EXHIBIT 99.1

CONTACT:  Mark Collinson

CCG Investor Relations

310-954-1343

10960 Wilshire Blvd., Suite 2050

Los Angeles, CA  90024

UNICO AMERICAN CORPORATION

ANNOUNCES SHARE REPURCHASE

Woodland Hills, CA, August 19, 2009 – Unico American Corporation (NASDAQ – “UNAM”) (“Unico,” the “Company”), an insurance holding company that, through its subsidiaries, including Crusader Insurance Company, offers a variety of property and casualty insurance products and services, today announced that it acquired 130,270 shares of its common stock in a single private unsolicited negotiated transaction with an unrelated party at a cost of approximately $1,182,851.

As previously discussed, under several programs, beginning in the year 2000, the Company may repurchase up to 1,445,000 shares of common stock.  The programs have no expiration date and may be terminated by the Board of Directors at any time.  Including a market purchase of 431 shares since the end of the second quarter, there is currently remaining an aggregate of 374,903 common shares authorized to be repurchased under these programs.

Under the Company’s share repurchase programs, Unico common stock may be purchased, from time to time, in privately negotiated transactions or in the open market, in compliance with the SEC's Rule 10b-18, subject to market conditions, applicable legal requirements and other factors.

"Our recent share repurchase activity, including this latest purchase, reflects continued confidence in Unico’s future prospects and the adequacy of our business and capital structure,” said Cary Cheldin CEO of Unico. "In addition, we believe Unico stock purchased at this price represented an attractive opportunity to deploy this capital in a way that will benefit shareholders," he added. 

About Unico American Corporation

Headquartered in Woodland Hills, California, Unico is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty, and health insurance through its agency subsidiaries; and through its other subsidiaries provides insurance premium financing and membership association services. Unico has conducted the majority of its operations through Crusader Insurance Company since 1985. For more information concerning Crusader Insurance Company, please visit its Web site at www.crusaderinsurance.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein that are not historical facts are forward-looking. These statements, which may be identified by forward-looking words or phrases such as “anticipate,” “believe,” ”expect,” “intend,” “may,” “should,” and “would,” involve risks and uncertainties, many of which are beyond the control of the Company. Such risks and uncertainties could cause actual results to differ materially from these forward-looking statements. Factors which could cause actual results to differ materially include underwriting actions not being effective, rate increases for coverages not being sufficient, premium rate adequacy relating to competition or regulation, actual versus estimated claim experience, regulatory changes or developments, unforeseen calamities, general market conditions, and the Company’s ability to introduce new profitable products.