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HUMANA INC Director's Dealing 2012

Feb 23, 2012

30145_dirs_2012-02-23_83587c6f-1d16-47da-991a-810361510101.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: 2012-02-19

Reporting Person: LISTON THOMAS J (Sr VP-Senior Products)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-19 Humana Common F 1027 $88.565 Disposed 99070 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Humana Common 9828 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Options $45.975 2015-04-01 Humana Common (11995) 11995 Direct
Options $41.83 2016-02-19 Humana Common (2688) 2688 Direct
Restricted Stock Units $ Humana Common (4095) 4095 Direct
Restricted Stock Units $ Humana Common (5721) 5721 Direct

Footnotes

F1: Shares held for the benefit of reporting person as of January 31, 2012 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 2003 Stock Incentive Plan.

F3: Incentive and Non-Qualified stock options granted to reporting person on 4/1/08, NQ options vesting in three increments from 4/1/11 to 4/1/13, and ISO's vesting in two increments on 4/1/12 and 4/1/13.

F4: Reporting person was granted the maximum number of Incentive stock options allowed and remaining options were granted as Non-Qualified stock options. The option grant vests in three increments from 2/19/10 to 2/19/12.

F5: Right to receive one share per restricted stock unit pursuant to the Company's 2003 Stock Incentive Plan.

F6: Each restricted stock unit represents a contingent right to receive one share of Humana Inc. common stock, exempt under Rule 16b-3(d)(1) & (3).

F7: Restricted stock units granted to reporting person on 2/18/10, 100% of the award is vesting on 2/18/13.

F8: Restricted stock units granted to reporting person on 2/17/11, 100% of the award is vesting on 2/17/14.