HUMANA INC — Director's Dealing 2003

Sep 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2003-09-11

Reporting Person: DAMELIO FRANK A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-11	Option	$18.03	A	15000	Acquired	2013-09-11	Humana Common (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Humana Common	0	Direct

Footnotes

F1: Each share of Common Stock contains a Right adopted on March 5, 1987, pursuant to Humana Inc.'s Rights Agreement, as amended and restated on February 14, 1996, and amended as of May 27, 1998 and March 1, 1999, which entitles holders of Humana's Common Stock, in the event certain specified events occur, to acquire 1/100 of a share of Series A Participating Preferred Stock at a price of $145 per fractional share.

F2: Right to buy pursuant to Humana Inc.'s 2003 Stock Incentive Plan. Initial grant as a new elected Director.