GLOBE LIFE INC. - Director's Dealing 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2017-02-21

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-21	Common Stock	F	329	$77.26	Disposed	27863	Direct
2017-02-21	Common Stock	A	12788	—	Acquired	40651	Direct
2017-02-21	Common Stock	F	4966	$77.26	Disposed	35685	Direct
2017-02-22	Common Stock	M	22500	$29.5912	Acquired	58185	Direct
2017-02-22	Common Stock	S	22500	$77.2852	Disposed	35685	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-21	Employee Stock Options (Right to Buy)	$77.26	A	115000	Acquired	2024-02-21	Common Stock (115000)	Direct
2017-02-22	Employee Stock Options (Right to Buy)	$29.5912	M	22500	Disposed	2018-04-28	Common Stock (22500)	Direct

Security	Shares	Ownership
Common Stock	2738	Indirect

F1: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $77.26 per share.

F2: First exercisable as to 50% of shares 2-21-19 and as to remaining 50% of shares 2-21-20.

F3: sales at prices ranging from $77.16 per share to $77.47 per share.

F4: Shares surrendered in payment of withholding taxes upon vesting of restricted stock.

F5: Shares surrendered in payment of withholding taxes upon issuance of performance shares.