GLOBE LIFE INC. — Director's Dealing 2016

Oct 31, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2016-10-27

Reporting Person: LUTEK BEN (Exec. VP & Chief Actuary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-27	Common Stock	M	24000	$20.5823	Acquired	32400	Direct
2016-10-27	Common Stock	S	24000	$63.4505	Disposed	8400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-27	Employee Stock Option (right to buy)	$20.5823	M	24000	Disposed	2017-02-25	Common Stock (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30125	Indirect

Footnotes

F1: 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.

F2: sales at prices ranging from $63.215 per share to $63.59 per share.

F3: Previously reported as option for 18,000 shares at an exercise price of $46.31 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.