AFLAC INC — Director's Dealing 2010

Dec 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2010-12-23

Reporting Person: WILKEY ROBIN Y (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-23	Common Stock	M	4052	$30.63	Acquired	5084	Direct
2010-12-23	Common Stock	M	1942	$31.705	Acquired	7026	Direct
2010-12-23	Common Stock	M	3333	$38.32	Acquired	10359	Direct
2010-12-23	Common Stock	M	2420	$38.75	Acquired	12779	Direct
2010-12-23	Common Stock	S	11747	$56.9903	Disposed	1032	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-23	Employee Stock Option (right to buy)	$30.63	M	4052	Disposed	2012-12-02	Common Stock (4052)	Direct
2010-12-23	Employee Stock Option (right to buy)	$31.705	M	1942	Disposed	2013-08-12	Common Stock (1942)	Direct
2010-12-23	Employee Stock Option (right to buy)	$38.32	M	3333	Disposed	2014-08-10	Common Stock (3333)	Direct
2010-12-23	Employee Stock Option (right to buy)	$38.75	M	2420	Disposed	2015-02-08	Common Stock (2420)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3525	Indirect

Footnotes

F1: The option vested 1,666 shares on 08/10/05; 1,667 shares on 08/10/06, and 1,667 shares on 08/10/07.