GLOBE LIFE INC. — Director's Dealing 2019

Nov 6, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBE LIFE INC. (GL)
CIK: 0000320335
Period of Report: 2019-11-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-04	Common Stock	M	13000	$37.40	Acquired	610510	Direct
2019-11-04	Common Stock	S	12700	$97.8509	Disposed	597810	Direct
2019-11-04	Common Stock	S	300	$98.5133	Disposed	597510	Direct
2019-11-05	Common Stock	M	12000	$37.40	Acquired	609510	Direct
2019-11-05	Common Stock	S	11955	$98.1087	Disposed	597555	Direct
2019-11-05	Common Stock	S	45	$98.794	Disposed	597510	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-04	Employee Stock Option (Right to Buy)	$37.40	M	13000	Disposed	2020-02-27	Common Stock (13000)	Direct
2019-11-05	Employee Stock Option (Right to Buy)	$37.40	M	12000	Disposed	2020-02-27	Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46597	Indirect

Footnotes

F1: Sales at prices ranging from $97.47 per share to $98.34 per share.

F2: Sales at prices ranging from $98.51 per share to $98.52 per share.

F3: 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.

F4: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $97.96 per share.

F5: Sales at prices ranging from $97.805 per share to $98.78 per share.

F6: Sales at prices ranging from $98.79 per share to $98.81 per share.