AFLAC INC — Director's Dealing 2008

Feb 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-02-12

Reporting Person: LOUDERMILK JOEY M (Exec. VP & Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-12	Common Stock	A	7785	—	Acquired	195760	Direct
2008-02-12	Common Stock	F	2527	$61.81	Disposed	193233	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-12	Employee Stock Option (right to buy)	$61.81	A	26000	Acquired	2018-02-12	Common Stock (26000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21474	Indirect
Common Stock	8011	Indirect

Footnotes

F1: Granted under the 2004 Aflac Incorporated Long-Term Incentive Plan.