AFLAC INC — Director's Dealing 2007

Jun 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2007-06-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-06	Common Stock	M	25000	$28.995	Acquired	25000	Direct
2007-06-06	Common Stock	M	67168	$31.465	Acquired	92168	Direct
2007-06-06	Common Stock	M	12198	$24.5938	Acquired	104366	Direct
2007-06-06	Common Stock	M	4726	$21.1563	Acquired	109092	Direct
2007-06-06	Common Stock	M	35000	$40.425	Acquired	144092	Direct
2007-06-06	Common Stock	S	117364	$52.6107	Disposed	26728	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-06	Employee Stock Option (right to buy)	$21.1563	M	4726	Disposed	2010-02-08	Common Stock (4726)	Direct
2007-06-06	Employee Stock Option (right to buy)	$24.5938	M	12198	Disposed	2009-02-09	Common Stock (12198)	Direct
2007-06-06	Employee Stock Option (right to buy)	$28.995	M	25000	Disposed	2011-07-30	Common Stock (25000)	Direct
2007-06-06	Employee Stock Option (right to buy)	$31.465	M	67168	Disposed	2013-02-11	Common Stock (67168)	Direct
2007-06-06	Employee Stock Option (right to buy)	$40.425	M	35000	Disposed	2014-02-10	Common Stock (35000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	433	Indirect
Common Stock	3755	Indirect