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: 2010-11-04

Reporting Person: JANKE KENNETH S JR (Exec VP & Deputy CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-04	Common Stock	M	10000	$31.465	Acquired	94110	Direct
2010-11-04	Common Stock	M	20000	$30.575	Acquired	114110	Direct
2010-11-04	Common Stock	S	28500	$57.4796	Disposed	85610	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-04	Employee Stock Option (right to buy)	$30.575	M	20000	Disposed	2012-08-13	Common Stock (20000)	Direct
2010-11-04	Employee Stock Option (right to buy)	$31.465	M	10000	Disposed	2013-02-11	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4294	Indirect