GLOBE LIFE INC. — Director's Dealing 2017

Dec 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2017-12-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-21	Common Stock	M	30000	$30.3267	Acquired	65685	Direct
2017-12-21	Common Stock	S	30000	$90.6438	Disposed	35685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-21	Employee Stock Options (Right to Buy)	$30.3267	M	30000	Disposed	2019-01-23	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2737	Indirect

Footnotes

F1: sales at prices ranging from $90.43 per share to $90.845 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 $90.42 per share.

F4: Previously reported as option for 60,000 shares at an exercise price of $45.49 per share, but has been adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occuring on July 1, 2014.