GLOBE LIFE INC. — Director's Dealing 2018

Jan 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORCHMARK CORP (TMK)
CIK: 0000320335
Period of Report: 2018-01-04

Reporting Person: MATSON KENNETH J (Officer of Principal Sub.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-04	Common Stock	M	15000	$37.40	Acquired	15056	Direct
2018-01-04	Common Stock	M	22500	$50.6934	Acquired	37556	Direct
2018-01-04	Common Stock	S	28500	$90.8143	Disposed	9056	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-04	Employee Stock Option (Right to Buy)	$37.40	M	15000	Disposed	2020-02-27	Common Stock (15000)	Direct
2018-01-04	Employee Stock Option (Right to Buy)	$50.6934	M	22500	Disposed	2021-02-24	Common Stock (22500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Indirect

Footnotes

F1: sales at prices ranging from $90.60 per share to $91.19 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: Previously reported as option for 10,000 shares at an exercise price of $56.10 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.

F4: Previously reported as option for 15,000 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.