GLOBE LIFE INC. — Director's Dealing 2016

Dec 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2016-12-09

Reporting Person: MITCHELL ROBERT BRIAN (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-09	Common Stock	M	18750	$50.6934	Acquired	40834.0773	Direct
2016-12-09	Common Stock	S	18750	$73.4839	Disposed	22084.0773	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-09	Employee Stock Option (Right to Buy)	$50.6934	M	18750	Disposed	2021-02-24	Common Stock (18750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8126	Indirect

Footnotes

F1: Includes 149.01193 shares acquired through brokerage dividend reinvestment plan since date of last report.

F2: sales at prices ranging from $73.275 per share to $73.76 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 using $74.00 per share.

F5: Previously reported as option for 25,000 shares at an exercise price of $76.04 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.