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

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORACE MANN EDUCATORS CORP /DE/ (HMN)
CIK: 0000850141
Period of Report: 2010-12-31

Reporting Person: Andrews Paul D (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-31	Common Stock equivalent units	$0	A	65.156	Acquired	1988-08-08	Common Stock (65.156)	Direct

Footnotes

F1: Each Common Stock equivalent unit is the economic equivalent of one share of Common Stock.

F2: The Common Stock equivalent units are estimated based on the market price of Horace Mann Educators Corporation Common Stock and are acquired under the Horace Mann Educators Corporation 2010 Comprehensive Executive Compensation Plan which is to be settled 100% in cash on the earlier of the reporting person's retirement date, termination date or a date certain.