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HUMANA INC Director's Dealing 2007

Aug 14, 2007

30145_dirs_2007-08-14_9a82d42a-dbef-4994-9a2f-97fe9301a52b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2007-08-13

Reporting Person: MARGULIS HEIDI S (Senior V.P.-Gov. Relations)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-08-13 Humana Common M 1905 $53.96 Acquired 27846 Direct
2007-08-13 Humana Common M 8934 $32.70 Acquired 36780 Direct
2007-08-13 Humana Common M 900 $21.275 Acquired 37680 Direct
2007-08-13 Humana Common M 10000 $9.26 Acquired 47680 Direct
2007-08-13 Humana Common M 15000 $9.5938 Acquired 62680 Direct
2007-08-13 Humana Common M 10000 $19.25 Acquired 72680 Direct
2007-08-13 Humana Common M 14790 $15.5938 Acquired 87470 Direct
2007-08-13 Humana Common S 300 $63.16 Disposed 87170 Direct
2007-08-13 Humana Common S 2200 $63.19 Disposed 84970 Direct
2007-08-13 Humana Common S 400 $63.20 Disposed 84570 Direct
2007-08-13 Humana Common S 100 $63.21 Disposed 84470 Direct
2007-08-13 Humana Common S 1500 $63.22 Disposed 82970 Direct
2007-08-13 Humana Common S 700 $63.23 Disposed 82270 Direct
2007-08-13 Humana Common S 1400 $63.25 Disposed 80870 Direct
2007-08-13 Humana Common S 4200 $63.26 Disposed 76670 Direct
2007-08-13 Humana Common S 300 $63.27 Disposed 76370 Direct
2007-08-13 Humana Common S 400 $63.28 Disposed 75970 Direct
2007-08-13 Humana Common S 700 $63.29 Disposed 75270 Direct
2007-08-13 Humana Common S 200 $63.30 Disposed 75070 Direct
2007-08-13 Humana Common S 500 $63.31 Disposed 74570 Direct
2007-08-13 Humana Common S 4300 $63.32 Disposed 70270 Direct
2007-08-13 Humana Common S 100 $63.33 Disposed 70170 Direct
2007-08-13 Humana Common S 100 $63.34 Disposed 70070 Direct
2007-08-13 Humana Common S 200 $63.35 Disposed 69870 Direct
2007-08-13 Humana Common S 1200 $63.38 Disposed 68670 Direct
2007-08-13 Humana Common S 42729 Disposed 25941 Direct
2007-08-13 Humana Common M 14100 $21.275 Disposed 40041 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-08-13 Options $15.5938 M 8700 Disposed 2008-01-15 Humana Common (8700) Direct
2007-08-13 Options $15.5938 M 6090 Disposed 2008-09-17 Humana Common (6090) Direct
2007-08-13 Options $19.25 M 10000 Disposed 2009-01-15 Humana Common (10000) Direct
2007-08-13 Options $9.5938 M 15000 Disposed 2009-09-09 Humana Common (15000) Direct
2007-08-13 Options $32.70 M 8934 Disposed 2012-02-24 Humana Common (8934) Direct
2007-08-13 Options $9.26 M 10000 Disposed 2013-03-13 Humana Common (10000) Direct
2007-08-13 Options $21.275 M 15000 Disposed 2014-02-24 Humana Common (15000) Direct
2007-08-13 Options $53.96 M 1905 Disposed 2013-02-23 Humana Common (1905) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Humana Common 6641 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Options $62.10 2014-02-22 Humana Common (4758) 4758 Direct
Phantom Stock Units $ Humana Common (345) 345 Indirect

Footnotes

F1: Stock units held for reporting person's benefit as of July 31, 2007 under the Humana Retirement & Savings Plan, including a routine disposition of shares to fund an administrative fee assessment under a Tax-Conditioned Plan, both exempt under Rule 16b-3(c).

F2: Reporting person sold additional shares as follows: 200 shares @ $63.39; 700 shares @ 63.40; 3900 shares @ 63.41; 2600 shares @ 63.42; 400 shares @ 63.44; 2700 shares @ 63.45; 2900 shares @ 63.46; 4700 shares @ 63.47; 2300 shares @ 63.48; 100 shares @ 63.50; 100 shares @ 63.52; 400 shares @ 63.54; 200 shares @ 63.57; 1100 shares @ 63.60; 300 shares @ 63.61; 1800 shares @ 63.63; 200 shares @ 63.64; 200 shares @ 63.65; 200 shares @ 63.66; 500 shares @ 63.67; 3800 shares @ 63.68; 100 shares @ 63.69; 3600 shares @ 63.70; 300 shares @ 63.71; 100 shares @ 63.72; 300 shares @ 63.73; 900 shares @ 63.74; 900 shares @ 63.75; 3900 shares @ 63.76; 1600 shares @ 63.77; 1000 shares @ 63.79; 300 shares @ 63.80; 100 shares @ 63.81; and 329 shares @ 64.02.

F3: Right to buy pursuant to Humana Inc.'s 1996 Stock Incentive Plan for Employees.

F4: Stock Options granted to reporting person on 3/13/03 vesting in thirds from 3/13/04 to 3/13/06.

F5: Right to buy pursuant to Humana Inc.'s 2003 Stock Incentive Plan.

F6: Non-Qualified and Incentive Stock Options granted to reporting person on 2/24/04, vesting in three increments from 2/24/05 to 2/24/07.

F7: Incentive and Non-Qualified stock options granted to reporting person on 2/24/05, NQ options vesting in three increments from 2/24/06 to 2/24/08, and ISO's vesting on 2/24/08.

F8: Incentive and Non-Qualified stock options granted to reporting person on 2/23/06, NQ options vesting in three increments from 2/23/07 to 2/23/09, and ISO's vesting on 2/23/09.

F9: Incentive and Non-Qualified stock options granted to reporting person on 2/22/07, NQ options vesting in three increments from 2/22/08 to 2/22/10, and ISO's vesting on 2/22/10.

F10: Phantom Stock Units held for the benefit of reporting person as of July 31, 2007, based on the value of Humana common stock on a 1-for-1 basis, under the Humana Excess Plan exempt under Rule 16b-3(c and d).