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HUMANA INC Director's Dealing 2014

Dec 8, 2014

30145_dirs_2014-12-08_20ccd6aa-dc0d-4faa-92ab-b190d68e6859.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: 2014-12-05

Reporting Person: MURRAY JAMES E (EVP & COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-12-05 Humana Common G 57 Disposed 88795 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Humana Common 3983 Indirect
Humana Common 1356 Indirect
Humana Common 7200 Indirect
Humana Common 1059 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Options $88.6475 2019-02-23 Humana Common (16249) 16249 Direct
Options $72.84 2020-02-20 Humana Common (13868) 13868 Direct
Options $102.155 2021-02-18 Humana Common (24584) 24584 Direct
Restricted Stock Units $ Humana Common (9476) 9476 Direct
Restricted Stock Units $ Humana Common (6864) 6864 Direct
Restricted Stock Units $ Humana Common (5384) 5384 Direct
Phantom Stock Units $ Humana Common (2519) 2519 Indirect

Footnotes

F1: Shares held by reporting person's spouse.

F2: Shares held in The Murray Family Partnership.

F3: Shares held for the benefit of reporting person as of November 30, 2014 under the Humana Retirement Savings Plan including routine payroll deductions, quarterly dividend allocation, and a routine disposition of shares to fund an administrative fee assessment under a Tax-Conditioned Plan, exempt under Rule 16b-3(c).

F4: Right to buy pursuant to Company's 2003 Stock Incentive Plan.

F5: Right to buy pursuant to Company's 2011 Stock Incentive Plan.

F6: 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 2/23/13 to 2/23/15.

F7: Incentive and Non-Qualified stock options granted to reporting person on 02/20/13, vesting in three increments from 02/20/14 to 02/20/16.

F8: Incentive and Non-Qualified stock options granted to reporting person on 02/18/14, vesting in three increments from 02/18/15 to 02/18/17.

F9: Right to receive one share per restricted stock unit pursuant to the Company's 2003 Stock Incentive Plan.

F10: Right to receive one share per restricted stock unit pursuant to the Company's 2011 Stock Incentive Plan.

F11: 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).

F12: Restricted stock units granted to reporting person on 02/23/12, 100% of the award is vesting on 02/23/15.

F13: Restricted stock units granted to reporting person on 02/20/13, 100% of the award is vesting on 02/20/16.

F14: Restricted stock units granted to reporting person on 02/18/14, 100% of the award is vesting on 02/18/17.

F15: Transfer of Shares from Family Partnership to Family Trust - Mr. Murray's spouse is the trustee and his family members are the beneficiaries.

F16: Phantom Stock Units held for the benefit of reporting person as of November 30, 2014 based on the value of Humana common stock on a 1-for-1 basis, under the Humana Retirement Equalization Plan. The ending number of units reflects normal fluctuation due to changes in stock price.