HUMANA INC — Director's Dealing 2017

Sep 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2017-09-01

Reporting Person: Bierbower Elizabeth D (President, Group Segment)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-01	Humana Common	S	9786	$259.00	Disposed	18042	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$79.655	2019-06-20	Humana Common (1804)	1804	Direct
Options	$72.84	2019-02-20	Humana Common (1734)	1734	Direct
Options	$102.155	2021-02-18	Humana Common (8381)	8381	Direct
Options	$164.645	2022-02-24	Humana Common (7627)	7627	Direct
Options	$167.805	2023-02-18	Humana Common (8925)	8925	Direct
Options	$217.415	2024-03-08	Humana Common (14997)	14997	Direct
Restricted Stock Units	$0		Humana Common (1292)	1292	Direct
Restricted Stock Units	$0		Humana Common (3448)	3448	Direct

Footnotes

F1: Right to buy pursuant to Company's 2003 Stock Incentive Plan. Non-Qualified stock options granted to reporting person on 06/20/2012, vesting in three increments from 06/20/2013 to 06/20/2015.

F2: Right to buy pursuant to Company's 2003 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/20/2013, vesting in three increments from 02/20/2014 to 02/20/2016.

F3: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/18/2014, vesting in three increments from 02/18/2015 to 02/18/2017.

F4: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Non-Qualified stock options granted to reporting person on 02/24/2015, vesting in three increments from 02/24/2016 to 02/24/2018.

F5: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Non-Qualified stock options granted to reporting person on 02/18/2016, vesting in three increments from 02/18/2017 to 02/18/2019.

F6: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Non-Qualified stock options granted to reporting person on 03/08/2017. 9,998 options vesting in 3 annual increments, and 4,999 options fully vest three years from date of grant.

F7: 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).

F8: Restricted stock units granted to reporting person on 02/18/16, 33% of the award is vesting on 12/15/16, 12/15/2017 and 12/15/2018.

F9: Restricted stock units granted to reporting person on 03/08/17. 2,299 shares vesting in three annual increments, and 1,149 shares fully vest three years from date of grant.

F10: All shares sold at a price of $259.00.