GLOBE LIFE INC. — Director's Dealing 2018

Aug 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2018-08-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-27	Common Stock	M	12250	$30.3267	Acquired	553987	Direct
2018-08-27	Common Stock	S	12250	$88.803	Disposed	541737	Direct
2018-08-28	Common Stock	M	12250	$30.3267	Acquired	553987	Direct
2018-08-28	Common Stock	S	12250	$88.3535	Disposed	541987	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-27	Employee Stock Option (Right to Buy)	$30.3267	M	12250	Disposed	2019-01-23	Common Stock (12250)	Direct
2018-08-28	Employee Stock Option (Right to Buy)	$30.3267	M	12250	Disposed	2019-01-23	Common Stock (12250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46105	Indirect

Footnotes

F1: sales at prices ranging from $88.55 per share to $89.04 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 $88.02 per share to $88.67 per share.

F4: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $88.70 per share.

F5: Previously reported as option for 65,000 shares at an exercise price of $45.49 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, 2014.