GLOBE LIFE INC. — Director's Dealing 2014

Dec 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-12-01

Reporting Person: BUCHAN MELISSA JANE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-01	Common Stock	M	13500	$26.4445	Acquired	55169.0325	Direct
2014-12-01	Common Stock	S	6684	$53.4649	Disposed	48485.0325	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-01	Director Stock Option (Right to Buy)	$26.4445	M	13500	Disposed	2015-01-02	Common Stock (13500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	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 13,854.8975 additional common shares.

F2: Includes 93.585 additional dividend right restricted stock units acquired on restricted stock units in Jan. & May 2014 prior to 3-for-2 stock split (adjusted for split) and 104.34 additional dividned right restricted stock units acquired on restricted stock units in Aug. & Oct. 2014.

F3: sales at prices ranging from $53.43 per share to $53.54 per share.

F4: 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.

F5: Previously reported as option for 9,000 shares at an exercise price of $39.6667 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.