AFLAC INC — Director's Dealing 2011

May 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2011-05-05

Reporting Person: WRIGHT ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	M	10000	$30.385	Acquired	54895	Direct
2011-05-05	Common Stock	S	10000	$55.1746	Disposed	44895	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-05	Employee Stock Option (right to buy)	$30.385	M	10000	Disposed	2012-08-01	Common Stock (10000)	Direct