HUMANA INC — Director's Dealing 2011

Oct 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2011-09-30

Reporting Person: HILZINGER KURT J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-30	Stock Unit	$	A	204	Acquired		Humana Common (204)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Humana Common	7202	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$16.455	2013-07-10	Humana Common (15000)	15000	Direct
Option	$23.05	2014-01-02	Humana Common (2500)	2500	Direct
Stock Unit	$		Humana Common (45)	45	Direct

Footnotes

F1: Incremental addition to annual Director's fee payable in stock units which have been deferred at the election of the reporting person until his resignation of services as a director at which time the stock units will be payable in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule 16(b)-3(d)(1).

F2: Director's dividend payment reinvested into stock units on vested and deferred stock units, deferred in accordance with the Plan until his resignation of services as a director at which time the deferred dividend stock units will be payable in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule16(b)-3(d).

F3: Right to buy pursuant to Humana Inc.'s 2003 Stock Incentive Plan.