GLOBE LIFE INC. — Director's Dealing 2014

Feb 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-02-24

Reporting Person: SMITH ROGER C (Exec. Officer of Principal Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-25	Common Stock	F	915	$76.03	Disposed	33281	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-24	Employee Stock Option (Right to Buy)	$76.04	A	60000	Disposed	2021-02-24	Common Stock (60000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1425	Indirect
Common Stock	243	Indirect

Footnotes

F1: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $76.04 per share.

F2: Since the date of reporting person's last ownership report, 69 shares previously reported as indirectly held as constructive truseee for a former spouse pursuant to the divorce decree and accompanying QUADRO has vested and been transferred to the former spouse.

F3: First exercisable as to 50% of shares 2/24/16 and as to remaining 50% 2/24/17.