AFLAC INC — Director's Dealing 2015

Aug 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2015-07-30

Reporting Person: CLONINGER KRISS III (Director, President and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-30	Common Stock	M	95000.0	$47.84	Acquired	334996	Direct
2015-07-30	Common Stock	S	114086.0	$64.0686	Disposed	220910	Direct
2015-07-30	Common Stock	M	23300.0	$47.06	Acquired	244210	Direct
2015-07-30	Common Stock	S	30000.0	$64.0713	Disposed	214210	Direct
2015-07-31	Common Stock	M	71700.0	$47.06	Acquired	285910	Direct
2015-07-31	Common Stock	S	71700.0	$64.0963	Disposed	214210	Direct
2015-07-31	Common Stock	G	5000.0	$0.0	Disposed	209210	Direct
2015-07-31	Common Stock	S	1500.0	$64.12	Disposed	10200	Indirect
2015-07-31	Common Stock	S	1500.0	$64.1402	Disposed	8700	Indirect
2015-07-31	Common Stock	S	3651.0	$64.13	Disposed	40300	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-30	Employee Stock Option (right to buy)	$47.06	M	23300.0	Disposed	2020-02-09	Common Stock (23300)	Direct
2015-07-31	Employee Stock Option (right to buy)	$47.06	M	71700.0	Disposed	2020-02-09	Common Stock (71700)	Direct
2015-07-30	Employee Stock Option (right to buy)	$47.84	M	95000.0	Disposed	2017-02-13	Common Stock (95000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	62	Indirect
Common Stock	32200	Indirect
Common Stock	56	Indirect

Footnotes

F1: Granted under the 2004 Aflac Incorporated Long-Term Incentive Plan.