AFLAC INC — Director's Dealing 2016

Sep 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2016-09-01

Reporting Person: WHITE TERESA L (President, Aflac U.S.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-01	Common Stock	M	2124.0	$47.06	Acquired	29633	Direct
2016-09-01	Common Stock	M	10200.0	$57.9	Acquired	39833	Direct
2016-09-01	Common Stock	M	6950.0	$48.56	Acquired	46783	Direct
2016-09-01	Common Stock	M	6950.0	$49.5	Acquired	53733	Direct
2016-09-01	Common Stock	S	35734.0	$74.28	Disposed	17999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-01	Employee Stock Option (right to buy)	$47.06	M	2124.0	Disposed	2020-02-09	Common Stock (2124)	Direct
2016-09-01	Employee Stock Option (right to buy)	$48.56	M	6950.0	Disposed	2022-02-14	Common Stock (6950)	Direct
2016-09-01	Employee Stock Option (right to buy)	$49.5	M	6950.0	Disposed	2023-02-12	Common Stock (6950)	Direct
2016-09-01	Employee Stock Option (right to buy)	$57.9	M	10200.0	Disposed	2021-02-08	Common Stock (10200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3632	Indirect