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AFLAC INC Director's Dealing 2005

May 11, 2005

29976_dirs_2005-05-11_12d3698f-497c-41d1-8803-e53c438c0da7.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2005-05-09

Reporting Person: LAKE CHARLES D II (Vice Chairman Aflac Japan)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-09 Common Stock M 25274 $21.1563 Acquired 25274 Direct
2005-05-09 Common Stock M 12802 $24.5938 Acquired 38076 Direct
2005-05-09 Common Stock M 20000 $22.9219 Acquired 58076 Direct
2005-05-09 Common Stock S 58076 $40.855 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-05-09 Employee Stock Option (right to buy) $21.1563 M 25274 Disposed 2010-02-08 Common Stock (25274) Direct
2005-05-09 Employee Stock Option (right to buy) $22.9219 M 20000 Disposed 2009-12-09 Common Stock (20000) Direct
2005-05-09 Employee Stock Option (right to buy) $24.5938 M 12802 Disposed 2009-02-09 Common Stock (12802) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 430 Indirect
Common Stock 3755 Indirect