AFLAC INC — Director's Dealing 2009

Feb 10, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-12-31

Reporting Person: BLANCK SUSAN RYNEARSON (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-02	Common Stock	M	104	—	Acquired	1772	Direct
2008-01-02	Common Stock	S	104	$61.97	Disposed	1668	Direct
2008-01-02	Common Stock	M	261	—	Acquired	7259	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-02	Stock Units	$	M	365	Disposed	2008-01-02	Common Stock (365)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4799	Indirect
Common Stock	98	Indirect

Footnotes

F1: Each share of phantom stock unit is the economic equivalent of one share of Aflac Incorporated common stock.