AFLAC INC — Director's Dealing 2012

Nov 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2012-11-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-20	Common Stock	M	36822	$31.465	Acquired	223003	Direct
2012-11-20	Common Stock	F	28715	$50.96	Disposed	194288	Direct
2012-11-20	Common Stock	M	2609	$38.32	Acquired	196897	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-20	Employee Stock Option (right to buy)	$31.465	M	36822	Disposed	2013-02-11	Common Stock (36822)	Direct
2012-11-20	Employee Stock Option (right to buy)	$38.32	M	2609	Disposed	2014-08-10	Common Stock (2609)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27281	Indirect
Common Stock	8011	Indirect