GLOBE LIFE INC. — Director's Dealing 2014

Dec 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-12-15

Reporting Person: HUDSON CHARLES FRANKLIN (Former CEO of Principal Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-15	Common Stock	M	36000	$30.3267	Acquired	136987	Direct
2014-12-15	Common Stock	S	36000	$51.7879	Disposed	67325	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-15	Employee Stock Option (Right to Buy)	$30.3267	M	36000	Disposed	2019-01-23	Common Stock (36000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7061	Indirect

Footnotes

F1: On July 1, 2014, Torchmark Corporation paid a 3-for-2 stock split in the form of a 50% stock dividend on its common stock, resulting in reporting person's ownership of 33,662 additional common shares.

F2: sales at prices ranging from $ 51.50 per share to $52.28 per share.

F3: 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.

F4: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $51.61 per share, adjusted for 3-for-2 stock split and paid in the form of a 50% stock dividend on July 1, 2014.

F5: Previously reported as option for 48,000 shares at an exercise price of $45.49 per share, but was adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occuring on July 1, 2014.