AFLAC INC — Director's Dealing 2014

May 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2014-05-23

Reporting Person: HUDSON ELIZABETH J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-23	Common Stock	M	4000.0	$39.975	Acquired	53715	Direct
2014-05-23	Common Stock	F	2609.0	$61.31	Disposed	51106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-23	Director Stock Option	$39.975	M	4000.0	Disposed	2014-09-01	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect