GLOBE LIFE INC. — Director's Dealing 2014

Aug 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2014-08-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-14	Common Stock	M	30000	$27.8578	Acquired	77773	Direct
2014-08-14	Common Stock	S	30000	$53.4986	Disposed	47773	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-14	Common Stock (Right to Buy)	$27.8578	M	30000	Disposed	2015-02-26	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2187	Indirect
Common Stock	83.25	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 prerson's ownership of15,924 additional common shares.

F2: sales at prices ranging from $53.48 per share to $53.56 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: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $53.55 per share.

F5: Includes 27.75 additional common shares received in 3-for-2 stock split in the form of a 50% stock dividend paid by Torchmark Corporation on July 1, 2014.

F6: Previously reported as option for 27,865 shares at an exercise price of $41.7867 per share, but was adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occurring on July 1, 2014.