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HUMANA INC Director's Dealing 2017

May 15, 2017

30145_dirs_2017-05-15_a8838618-dfc4-4390-9b2e-d37e821fb36b.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: 2017-05-12

Reporting Person: BEVERIDGE, ROY A (Sr. VP & Chief Medical Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-05-12 Humana Common M 14290 $81.795 Acquired 23221 Direct
2017-05-12 Humana Common M 15086 $102.155 Acquired 38037 Direct
2017-05-12 Humana Common M 26023 $231.9937 Disposed 12284 Direct
2017-05-12 Humana Common F 1281 $229.765 Disposed 11003 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-05-12 Options $81.795 M 14290 Disposed 2020-06-17 Humana Common (14290) Direct
2017-05-12 Options $102.155 M 15086 Disposed 2021-02-18 Humana Common (15086) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Options $164.645 2022-02-24 Humana Common (14913) 14913 Direct
Options $167.805 2023-02-18 Humana Common (14764) 14764 Direct
Options $217.415 2024-03-08 Humana Common (15997) 15997 Direct
Restricted Stock Units $ Humana Common (2186) 2186 Direct
Restricted Stock Units $ Humana Common (3678) 3678 Direct

Footnotes

F1: Right to buy pursuant to Humana Inc.'s 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 06/17/13, vesting in three increments from 06/17/14 to 06/17/16.

F2: Right to buy pursuant to Humana Inc.'s 2011 Stock Incentive Plan. 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.

F3: Right to buy pursuant to Humana Inc.'s 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/24/15, vesting in three increments from 02/24/16 to 02/24/18.

F4: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 03/08/2017. 10,998 options vesting in three annual increments, and 4,999 options fully vest three years from the date of grant.

F5: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/18/16, vesting in three increments from 02/18/17 to 02/18/19.

F6: Right to receive one share per restricted stock unit pursuant to the Company's 2011 Stock Incentive Plan. 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 02/18/16, 33% of the award is vesting on 12/15/16, 12/15/17, and 12/15/18.

F8: Restricted stock units granted to reporting person on 03/08/2017, 2,529 shares vesting in three annual increments, and 1,149 shares fully vest three years from the date of grant.

F9: Shares sold at prices ranging from $231.88 to $232.10.

F10: Shares swapped for payment of purchase price on incentive stock option exercises using fair market value on May 11, 2017, pursuant to Humana Inc.'s 2011 Stock Incentive Plan.