AFLAC INC — Director's Dealing 2011

Aug 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2011-08-04

Reporting Person: SCHUSTER MARVIN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-04	Common Stock	M	10000	$30.385	Acquired	75316	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-04	Employee Stock Option (right to buy)	$30.385	M	10000	Disposed	2012-08-01	Common Stock (10000)	Direct

Footnotes

F1: The option will vest 2000 shares on 11/12/02, 2000 shares on 11/12/03, 2000 shares on 11/12/04, 2000 shares on 11/12/05, and 2000 shares on 11/12/06.