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: JOHNSON ROBERT B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-04	Common Stock	M	10000	$30.385	Acquired	14831	Direct
2010-11-04	Common Stock	S	10000	$57.687	Disposed	4831	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-04	Employee Stock Option (right to buy)	$30.385	M	10000	Disposed	2012-08-01	Common Stock (10000)	Direct

Footnotes

F1: The option vested 2,000 shares on 11/12/02; 2,000 shares on 11/12/03; 2,000 shares on 11/12/04; 2,000 shares on 11/12/05; and 2,000 shares on 11/12/06.