GLOBE LIFE INC. — Director's Dealing 2018

Aug 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2018-08-28

Reporting Person: HERBEL VERN D (Former EVP & C Admin..Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-28	Common Stock	M	52500	$50.6934	Acquired	52500	Direct
2018-08-28	Common Stock	S	49000	$88.1975	Disposed	3500	Direct
2018-08-28	Common Stock	S	3500	$88.9257	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-28	Employee Stock Option (Right to Buy)	$50.6934	M	52500	Disposed	2021-02-24	Common Stock (52500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	72242	Indirect
Common Stock	72245	Indirect
Common Stock	43019	Indirect

Footnotes

F1: sales at prices ranging from $87.87 per share to $88.87 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: sales at prices ranging from $88.875 per share to $88.99 per share.

F4: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $88.25 per share.

F5: Previously reported as option for 35,000 shares at an exercise price of $76.04 per share, but was adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occuring on July 1, 2014.