AFLAC INC — Director's Dealing 2008

Nov 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-11-04

Reporting Person: CLONINGER KRISS III (Director, Pres. Aflac Incorporated/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-04	Common Stock	G	4500	—	Disposed	133368	Direct
2008-11-13	Common Stock	M	150000	$30.575	Acquired	283368	Direct
2008-11-13	Common Stock	F	122635	$44.44	Disposed	160733	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-11-13	Employee Stock Option (right to buy)	$30.575	M	150000	Disposed	2012-08-13	Common Stock (150000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6839	Indirect
Common Stock	65420	Indirect
Common Stock	26873	Indirect
Common Stock	46	Indirect
Common Stock	81785	Indirect