AFLAC INC — Director's Dealing 2011

Oct 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2011-10-27

Reporting Person: AMOS DANIEL P (Director, Chairman of the Board/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-27	Common Stock	M	3980	$25.125	Acquired	343590	Direct
2011-10-27	Common Stock	M	143585	$30.575	Acquired	487175	Direct
2011-10-27	Common Stock	F	117110	$46.77	Disposed	370065	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-27	Employee Stock Option (right to buy)	$25.125	M	3980	Disposed	2012-02-12	Common Stock (3980)	Direct
2011-10-27	Employee Stock Option (right to buy)	$30.575	M	143585	Disposed	2012-08-13	Common Stock (143585)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50816	Indirect
Common Stock	3206553	Indirect
Common Stock	28488	Indirect
Common Stock	1760	Indirect
Common Stock	26624	Indirect
Common Stock	570096	Indirect
Common Stock	11021	Indirect