GLOBE LIFE INC. — Director's Dealing 2014

Aug 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-08-27

Reporting Person: STONE SPENCER H (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-27	Common Stock	M	2500	$27.8578	Acquired	43148	Direct
2014-08-27	Common Stock	S	2500	$54.98	Disposed	40648	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-27	Employee Stock Option (Right to Buy)	$27.8578	M	2500	Disposed	2015-02-26	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23818	Indirect
Common Stock	25650	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 21,489 additional common shares.

F2: Shares in unitized fund in employee benefit plan-estimated conversion of $ balance to shares using $54.86 per share, adjusted for 3-for-2 stock split paid in the form of 50% stock dividend on 7-1-14.

F3: 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 spouse's ownership of 8,550 addition common shares.

F4: Previously reported as option for 4250 shares at an exercise price of $41.7867 per share, that was adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occuring on July 1, 2014 to be revised as 6,375 shares at an exercise price of $27.8578.