HUMANA INC — Director's Dealing 2007

Feb 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2007-02-22

Reporting Person: HATHCOCK BONNIE C (Sr VP & Chief Human Res. Off)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-22	Options	$62.10	A	38062	Acquired	2014-02-22	Humana Common (38062)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Humana Common	51227	Direct
Humana Common	1962	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$9.5938	2009-09-09	Humana Common (8333)	8333	Direct
Options	$32.70	2012-02-24	Humana Common (75000)	75000	Direct
Options	$12.995	2012-03-13	Humana Common (7695)	7695	Direct
Options	$21.275	2014-02-24	Humana Common (20000)	20000	Direct
Options	$53.96	2013-02-23	Humana Common (47655)	47655	Direct
Phantom Stock Units	$		Humana Common (9)	9	Indirect

Footnotes

F1: Stock units held for the benefit of reporting person as of January 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: Right to buy pursuant to the Company's 1996 Stock Incentive Plan for Employees.

F3: Incentive stock options granted to reporting person on 9/9/99 vesting on 9/9/00.

F4: Incentive and Non-Qualified stock options granted to reporting person on 3/13/02, NQ options vesting in three increments from 3/13/03 to 3/13/05, and ISO's vesting on 3/13/05.

F5: Right to buy pursuant to the Company's 2003 Stock Incentive Plan.

F6: Incentive and Non-Qualified stock options granted to reporting person on 2/24/04, NQ options vesting in three increments from 2/24/05 to 2/24/07, and ISO's vesting on 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: Phantom Stock Units held for the benefit of reporting person as of January 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).

F10: 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.