GLOBE LIFE INC. — Director's Dealing 2014

May 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-05-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-22	Common Stock	M	60000	$44.3867	Acquired	127325	Direct
2014-05-22	Common Stock	S	60000	$80.8791	Disposed	67325	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-22	Employee Stock Option (Right to Buy)	$44.3867	M	60000	Disposed	2018-04-28	Common Stock (60000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4668	Indirect

Footnotes

F1: sales at prices ranging from $ 80.75 per share to $81.01 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 using $80.92 per share.