HORACE MANN EDUCATORS CORP /DE/ — Director's Dealing 2011

Mar 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORACE MANN EDUCATORS CORP /DE/ (HMN)
CIK: 0000850141
Period of Report: 2011-03-24

Reporting Person: Hamann Brent H. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-24	Common Stock	M	7530	$6.91	Acquired	53113.638	Direct
2011-03-24	Common Stock	M	5190	$6.91	Acquired	58303.638	Direct
2011-03-24	Common Stock	S	7530	$16.52	Disposed	50773.638	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-24	Employee Stock Option (right to buy)	$6.91	M	7530	Disposed	2016-03-04	Common Stock (7530)	Direct
2011-03-24	Employee Stock Option (right to buy)	$6.91	M	5190	Disposed	2016-03-04	Common Stock (5190)	Direct

Footnotes

F1: Represents 27,390.638 restricted stock units and 25,723 shares of Common Stock.

F2: Represents 27,390.638 restricted stock units and 30,913 shares of Common Stock.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.49 to $16.56.

F4: Represents 27,390.638 restricted stock units and 23,383 shares of Common Stock.