GLOBE LIFE INC. — Director's Dealing 2012

Aug 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2012-08-03

Reporting Person: MCANDREW MARK S (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-03	Common Stock	M	56250	$36.9867	Acquired	202171	Direct
2012-08-03	Common Stock	S	56250	$51.1547	Disposed	145921	Direct
2012-08-03	Common Stock	M	37500	$24.96	Acquired	38512	Indirect
2012-08-03	Common Stock	M	56250	$36.9867	Acquired	94762	Indirect
2012-08-03	Common Stock	S	93750	$51.1547	Disposed	1012	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-03	Employee Stock Option (Right to Buy)	$36.9867	M	56250	Acquired	2012-12-13	Common Stock (56250)	Direct
2012-08-03	Employee Stock Option (Right to Buy)	$24.96	M	37500	Disposed	2012-12-18	Common Stock (37500)	Indirect
2012-08-03	Employee Stock Option (Right to Buy)	$36.9867	M	56250	Disposed	2012-12-13	Common Stock (56250)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12813	Indirect

Footnotes

F1: Sales at prices ranging from $50.92 per share to $51.48 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 $ balance to shares using $51.37 per share.

F4: Pursuant to divorce decree and accompanying qualified domestic relations orders, 1684 shares transferred to former spouse upon expiration of restriction of such shares prior to option exercise.