AFLAC INC — Director's Dealing 2010

Sep 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2010-09-03

Reporting Person: LOUDERMILK JOEY M (Exec VP & Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-03	Common Stock	M	56594	$29.3438	Acquired	270688	Direct
2010-09-03	Common Stock	M	35000	$24.98	Acquired	305688	Direct
2010-09-03	Common Stock	S	87594	$50.744	Disposed	218094	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-03	Employee Stock Option (right to buy)	$24.98	M	35000	Disposed	2011-11-13	Common Stock (35000)	Direct
2010-09-03	Employee Stock Option (right to buy)	$29.3438	M	56594	Disposed	2011-01-22	Common Stock (56594)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24494	Indirect
Common Stock	8011	Indirect