GLOBE LIFE INC. — Director's Dealing 2011

Nov 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2011-11-11

Reporting Person: STONE SPENCER H (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-11	Common Stock	M	9000	$36.5134	Acquired	38600	Direct
2011-11-11	Common Stock	S	8200	$42.4574	Disposed	30400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-11	Employee Stock Option (Right to Buy)	$36.5134	M	9000	Disposed	2012-05-24	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17690	Indirect
Common Stock	1900	Indirect
Common Stock	17100	Indirect
Torchmark Capital Trust Preferred Securities III	100	Direct

Footnotes

F1: Sales at prices ranging from $42.39 per share to $42.71 per share.

F2: Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer.

F3: Shares in unitized fund in employee benefit plan - estimated conversion of transferred $ balance to shares using $42.34 per share.

F4: This option was previously reported as covering 6000 shares at an exercise price of $54.77 per share, but was adjusted to reflect the stock split occurring on July 1, 2011.