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HUMANA INC Director's Dealing 2007

Jan 5, 2007

30145_dirs_2007-01-05_45fea828-9ac5-4461-a0e3-5b4e7adde7c3.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: 2007-01-03

Reporting Person: ROBBINS JAMES O (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-01-03 Stock Unit $ A 2231 Acquired Humana Common (2231) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Humana Common 0 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Unit $ Humana Common (2715) 2715 Direct
Stock Unit $ Humana Common (7500) 7500 Direct

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: Annual director's fee payable in stock units which have been deferred at the election of the reporting person until December 31, 2009 at which time they will be payable over a five-year period in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule 16(b)-6(b).

F3: Initial award of restricted stock units payable upon termination of services as a director at which time they will be payable in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule 16(b)-3(d).

F4: Annual director's fee payable in stock units which have been deferred at the election of the reporting person until December 31, 2010 at which time the stock units will be payable over a five-year period in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule 16(b)-6(b).