AFLAC INC — Director's Dealing 2009

Apr 8, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2009-04-01

Reporting Person: SANDERS RONALD S (Sr. Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24216	Direct
Common Stock	11516	Indirect
Common Stock	10	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$22.13	2019-02-10	Common Stock (15000)		Direct
Employee Stock Option (right to buy)	$40.3	2015-05-02	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$44.13	2018-11-11	Common Stock (10000)		Direct
Employee Stock Option (right to buy)	$47.25	2016-02-14	Common Stock (3000)		Direct
Employee Stock Option (right to buy)	$47.71	2017-02-09	Common Stock (3000)		Direct
Employee Stock Option (right to buy)	$61.81	2018-02-12	Common Stock (3000)		Direct
Restricted Stock	$0	2010-02-13	Common Stock (1500)		Direct
Restricted Stock	$0	2011-02-12	Common Stock (1200)		Direct
Restricted Stock	$0	2012-02-10	Common Stock (6000)		Direct
Stock Units	$		Common Stock (6259)		Direct

Footnotes

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

F2: The phantom stock units were accrued under Aflac's Executive Deferred Compensation Plan (EDCP). The EDCP holds stock units on the reporting party's behalf representing the value of the common stock.