AFLAC INC — Director's Dealing 2010

Nov 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2010-11-05

Reporting Person: JEFFERY WILLIAM JEREMY (Sr Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-05	Common Stock	M	7500	$47.25	Acquired	15324	Direct
2010-11-05	Common Stock	M	7500	$47.84	Acquired	22824	Direct
2010-11-05	Common Stock	S	6541	$57.7199	Disposed	16283	Direct
2010-11-05	Common Stock	S	6611	$57.6302	Disposed	9672	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-05	Employee Stock Option (right to buy)	$47.25	M	7500	Disposed	2016-02-14	Common Stock (7500)	Direct
2010-11-05	Employee Stock Option (right to buy)	$47.84	M	7500	Disposed	2017-02-13	Common Stock (7500)	Direct