HUMANA INC — Director's Dealing 2003

May 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 049071
Period of Report: 2003-05-09

Reporting Person: JONES DAVID A JR/KY (Director)

Footnotes

F1: Each share of Common Stock contains a Right adopted on March 5, 1987, pursuant to the Company 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 the Company'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: Reporting person also indirectly owns the following shares: 72 shares held by wife; 1,300 shares held by spouse as custodian for son; 1,300 shares held by spouse as custodian for daughter; and 300 shares held in an Individual Retirement Account.

F3: After this transaction, reporting person has a right to buy 265,000 derivative securities (options) acquired between 5/13/93 and 1/2/03 at exercise prices between $7.875 and $26.9375, of which 260,000 are currently exercisable.