GLOBE LIFE INC. — Director's Dealing 2018

Feb 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2018-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-26	Common Stock	A	6652	—	Acquired	25402	Direct
2018-02-26	Common Stock	F	1620	$87.60	Disposed	23782	Direct
2018-02-26	Common Stock	G	5032	—	Disposed	18750	Direct
2018-02-26	Common Stock	G	2516	—	Acquired	66557	Indirect
2018-02-26	Common Stock	G	2516	—	Acquired	66559	Indirect
2018-02-27	Common Stock	F	7379	$86.99	Disposed	11371	Direct
2018-02-27	Common Stock	G	11371	—	Disposed	0	Direct
2018-02-27	Common Stock	G	5685	—	Acquired	72242	Indirect
2018-02-27	Common Stock	G	5686	—	Acquired	72245	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-26	Employee Stock Option (Right to Buy)	$87.60	A	40000	Acquired	2025-02-26	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	42856	Indirect

Footnotes

F1: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $87.60 per share.

F2: First Exercisable as to 50% of shares 2-26-20 and as to remaining 50% of shares 2-26-21.