AFLAC INC — Director's Dealing 2010

Nov 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2010-10-29

Reporting Person: WHITE TERESA L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-29	Common Stock	M	2580	$38.75	Acquired	14410	Direct
2010-10-29	Common Stock	M	5284	$39.8	Acquired	19694	Direct
2010-10-29	Common Stock	M	2333	$38.32	Acquired	22027	Direct
2010-10-29	Common Stock	S	2630	$55.9122	Disposed	19397	Direct
2010-10-29	Common Stock	S	6617	$55.83	Disposed	12780	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-29	Employee Stock Option (right to buy)	$38.32	M	2333	Disposed	2014-08-10	Common Stock (2333)	Direct
2010-10-29	Employee Stock Option (right to buy)	$38.75	M	2580	Disposed	2015-02-08	Common Stock (2580)	Direct
2010-10-29	Employee Stock Option (right to buy)	$39.8	M	5284	Disposed	2014-10-11	Common Stock (5284)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3251	Indirect

Footnotes

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

F2: The option vested 3,333 shares on 10/11/06 and 3,001 shares on 10/11/07.