GLOBE LIFE INC. — Director's Dealing 2017

Apr 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2017-04-24

Reporting Person: HUTCHISON LARRY M (Director, Co-Chaiman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-21	Common Stock	M	37500	$29.5912	Acquired	545842	Direct
2017-04-21	Common Stock	S	37500	$75.9363	Disposed	508342	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-21	Employee Stock Option (Right to Buy)	$29.5912	M	37500	Disposed	2018-04-28	Common Stock (37500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	45565	Indirect

Footnotes

F1: sales at prices ranging from $75.65 per share to $76.26 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 using $76.33 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.