GLOBE LIFE INC. — Director's Dealing 2012

Jan 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2012-01-23

Reporting Person: SVOBODA FRANK M (VP & Director of Taxes)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-23	Common Stock	A	1500	—	Acquired	3534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-23	Employee Stock Option (Right to Buy)	$45.49	A	33000	Acquired	2019-01-23	Common Stock (33000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	300	Indirect
Common Stock	716	Indirect
Torchmark Capital Trust III Preferred Securities	1700	Direct
Torchmark Capital Trust III Preferred Securities	400	Indirect

Footnotes

F1: On July 1, 2011, the common stock of Torchmark Corporation split 3-for-2, resulting in reporting person's ownership of 678 additional common shares.

F2: On July 1, 2011, the common stock of Torchmark Corporation split 3-for-2, resulting in reporting person's ownership of 100 additional common shares.

F3: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $45.35 per share (adjusted for 3-for-2 stock split of July 1, 2011).

F4: First exercisable as to 50% of shares on and after 1/23/2014 and as to remaining 50% of shares on and after 1/23/2015.