GLOBE LIFE INC. — Director's Dealing 2014

Nov 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-11-12

Reporting Person: SVOBODA FRANK M (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-12	Common Stock	M	15000	$10.4445	Acquired	53131	Direct
2014-11-12	Common Stock	S	8004	$53.2504	Disposed	45127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-12	Employee Stock Optioni (Right to Buy)	$10.4445	M	15000	Disposed	2016-02-26	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	450	Indirect
Common Stock	1427	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 12,710 additional common shares.

F2: sales at prices ranging from $53.275 per share to $53.24 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: Adjusted to reflect 150 additional common shares acquired in 3-for-2 stock split paid in the form of 50% stock dividend on July 1, 2014.

F5: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $53.26 per share, adjusted for 3-for-2 stock split and paid in the form of a 50% stock dividend on July 1, 2014.

F6: Previously reported as option for 37,500 shares at an exercise price of $15.6667 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.