AFLAC INC — Director's Dealing 2010

Dec 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2010-12-17

Reporting Person: YAMAUCHI HIROSHI (First Sr VP - Aflac Japan)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-17	Common Stock	M	30000	$31.465	Acquired	85424	Direct
2010-12-17	Common Stock	S	30000	$56	Disposed	55424	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-17	Employee Stock Option (right to buy)	$31.465	M	30000	Disposed	2013-02-11	Common Stock (30000)	Direct