GLOBE LIFE INC. — Director's Dealing 2020

Feb 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBE LIFE INC. (GL)
CIK: 0000320335
Period of Report: 2020-02-10

Reporting Person: SVOBODA FRANK M (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-10	Common Stock	M	15000	$50.6934	Acquired	15000	Direct
2020-02-10	Common Stock	S	15000	$108.2374	Disposed	0	Direct
2020-02-11	Common Stock	M	5000	$50.6934	Acquired	5000	Direct
2020-02-11	Common Stock	S	5000	$109.4421	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-10	Employee Stock Option (Right to Buy)	$50.6934	M	15000	Disposed	2021-02-24	Common Stock (15000)	Direct
2020-02-11	Employee Stock Option (Right to Buy)	$50.6934	M	5000	Disposed	2021-02-24	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	106533	Indirect
Common Stock	1797	Indirect

Footnotes

F1: Sales at prices ranging from $107.94 per share to $108.925 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 $109.24 per share to $109.68 per share.

F4: Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $109.44 per share.

F5: Previously reported as option for 40,000 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.