GLOBE LIFE INC. — Director's Dealing 2016

Nov 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2016-11-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-18	Common Stock	M	22500	$29.5912	Acquired	51563	Direct
2016-11-18	Common Stock	S	22500	$69.816	Disposed	29063	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-18	Employee Stock Option (right to buy)	$29.5912	M	22500	Disposed	2018-04-28	Common Stock (22500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2636	Indirect

Footnotes

F1: sales at prices ranging from $69.69 per share to $70.02 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 $70.06 per share.

F4: Previously reported as option for 50,000 shares at an exercise price of $66.58 per share, but has been adjusted to reflect 3-for-2 stock splits paid in the form of 50% stock dividends occuring on July 1, 2011 and July 1, 2014.