AFLAC INC — Director's Dealing 2011

Feb 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2011-02-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Common Stock	M	208797	$25.125	Acquired	528389	Direct
2011-02-17	Common Stock	F	139563	$59.28	Disposed	388826	Direct
2011-02-18	Common Stock	G	37125	—	Disposed	351701	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Employee Stock Option (right to buy)	$25.125	M	208797	Disposed	2012-02-12	Common Stock (208797)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50816	Indirect
Common Stock	3206553	Indirect
Common Stock	28488	Indirect
Common Stock	26624	Indirect
Common Stock	1760	Indirect
Common Stock	672805	Indirect
Common Stock	11021	Indirect