GLOBE LIFE INC. — Director's Dealing 2016

Apr 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2016-03-31

Reporting Person: LEAVELL BILL (President of Principal Sub.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-31	Common Stock	M	31500	$29.5912	Acquired	31774	Direct
2016-03-31	Common Stock	M	25200	$30.3267	Acquired	56974	Direct
2016-03-31	Common Stock	S	39640	$54.1822	Disposed	17334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-31	Employee Stock Option (Right to Buy)	$29.5912	M	31500	Disposed	2018-04-28	Common Stock (0)	Direct
2016-03-31	Employee Stock Option (Right to Buy)	$30.3267	M	25200	Disposed	2019-01-23	Common Stock (25200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3593	Indirect

Footnotes

F1: sales at prices ranging from $53.99 per share to $54.41 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 to shares using $54.67 per share.