AFLAC INC — Director's Dealing 2012

Feb 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2012-02-21

Reporting Person: CLONINGER KRISS III (Director, Pres. Aflac Incorporated/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-21	Common Stock	M	100000	$31.465	Acquired	381765	Direct
2012-02-21	Common Stock	F	79784	$47.91	Disposed	301981	Direct
2012-02-21	Common Stock	G	89420	—	Disposed	17500	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-21	Employee Stock Option (right to buy)	$31.465	M	100000	Disposed	2013-02-11	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8826	Indirect
Common Stock	20000	Indirect
Common Stock	29459	Indirect
Common Stock	51	Indirect