GLOBE LIFE INC. — Director's Dealing 2018

Apr 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2018-04-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-20	Common Stock	M	10000	$30.3267	Acquired	531603	Direct
2018-04-20	Common Stock	S	10000	$86.9631	Disposed	541603	Direct
2018-04-23	Common Stock	M	9000	$30.3267	Acquired	550603	Direct
2018-04-23	Common Stock	S	9000	$87.0729	Disposed	541603	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-20	Employee Stock Option (Right to Buy)	$30.3267	M	10000	Disposed	2019-01-23	Common Stock (10000)	Direct
2018-04-23	Employee Stock Option (Right to Buy)	$30.3267	M	9000	Disposed	2019-01-23	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	45994	Indirect

Footnotes

F1: sales at prices ranging from $86.72 per share to $87.72 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 $86.87 per share to $87.38 per share.

F4: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $87.18 per share.