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: MAJORS MICHAEL CLAY (VP & Dir Investor Relations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-26	Common Stock	A	2661	—	Acquired	11921	Direct
2018-02-26	Common Stock	F	1046	$87.60	Disposed	10875	Direct
2018-02-27	Common Stock	M	9000	$53.61	Acquired	19875	Direct
2018-02-27	Common Stock	M	15000	$50.64	Acquired	34875	Direct
2018-02-27	Common Stock	S	21900	$87.7049	Disposed	12975	Direct

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	30000	Acquired	2025-02-26	Common Stock (30000)	Direct
2018-02-27	Employee Stock Option (right to buy)	$53.61	M	9000	Disposed	2022-02-25	Common Stock (9000)	Direct
2018-02-27	Employee Stock Option (right to buy)	$50.64	M	15000	Disposed	2023-02-24	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Indirect

Footnotes

F1: First Exercisable as to 50% of shares 2-26-20 and as to remaining 50% of shares 2-26-21.

F2: sales at prices ranging from $87.465 per share to $87.975 per share.