AFLAC INC — Director's Dealing 2016

Dec 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2016-12-14

Reporting Person: RIMER BARBARA K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-14	Common Stock	M	4000	$52.59	Acquired	16084	Direct
2016-12-14	Common Stock	M	5000	$55.72	Acquired	21084	Direct
2016-12-14	Common Stock	M	1500	$40.23	Acquired	22584	Direct
2016-12-14	Common Stock	S	10500	$70.1369	Disposed	12084	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-14	Director Stock Option	$40.23	M	1500	Disposed	2019-08-11	Common Stock (1500)	Direct
2016-12-14	Director Stock Option	$52.59	M	4000	Disposed	2017-08-14	Common Stock (4000)	Direct
2016-12-14	Director Stock Option	$55.72	M	5000	Disposed	2018-08-12	Common Stock (5000)	Direct

Footnotes

F1: The option becomes exercisable in four equal annual installments on August 11, 2010, 2011, 2012 and 2013.

F2: The option becomes exercisable in four equal annual installments on August 14, 2008; 2009, 2010 and 2011.

F3: The option becomes exercisable in four equal annual installments on August 12, 2009, 2010, 2011 and 2012.