AFLAC INC — Director's Dealing 2017

Feb 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2017-02-27

Reporting Person: KNAPP CHARLES B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-27	Common Stock	M	4000	$52.59	Acquired	35437	Direct
2017-02-27	Common Stock	F	4000	$72.2532	Disposed	31437	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-27	Director Stock Option	$52.59	M	4000	Disposed	2017-08-14	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21000	Indirect

Footnotes

F1: This option vests in four equal installments beginning 08-14-2008.