GLOBE LIFE INC. — Director's Dealing 2017

Jan 31, 2017

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2016-12-31

Reporting Person: HERBEL VERN D (EVP and Chief Admin. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-23	Common Stock	G	2100	—	Disposed	24750	Direct
2016-01-23	Common Stock	G	1050	—	Acquired	52968	Indirect
2016-01-23	Common Stock	G	1050	—	Acquired	52968	Indirect
2016-02-21	Common Stock	G	600	—	Disposed	24150	Direct
2016-02-21	Common Stock	G	300	—	Acquired	53268	Indirect
2016-02-21	Common Stock	G	300	—	Acquired	53268	Indirect
2016-02-25	Common Stock	G	8155	—	Disposed	24150	Direct
2016-02-25	Common Stock	G	4077	—	Acquired	57345	Indirect
2016-02-25	Common Stock	G	4078	—	Acquired	57346	Indirect
2016-04-28	Common Stock	G	2700	—	Disposed	21450	Direct
2016-04-28	Common Stock	G	1350	—	Acquired	58695	Indirect
2016-04-28	Common Stock	G	1350	—	Acquired	58696	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	42016	Indirect

Footnotes

F1: Insider received payment of performance shares on 2/25/16, previously timely reported on Form 4, and gifted the same shares to trusts on 2/25/16 now reported as indirectly owned on this Form 5, resulting in no change in direct ownership balance reported in this column.

F2: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $74.55 per share.