AFLAC INC — Director's Dealing 2014

May 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2014-05-28

Reporting Person: JOHNSON DOUGLAS WAYNE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-28	Common Stock	M	4000.0	$39.975	Acquired	15292	Direct
2014-05-28	Common Stock	F	2624.0	$60.95	Disposed	12668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-28	Director Stock Option	$39.975	M	4000.0	Disposed	2014-09-01	Common Stock (4000)	Direct