HUMANA INC — Director's Dealing 2018

Aug 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2018-08-06

Reporting Person: BEVERIDGE, ROY A (Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-06	Humana Common	M	1291	$81.795	Acquired	15274	Direct
2018-08-06	Humana Common	F	328	$322.725	Disposed	14946	Direct
2018-08-06	Humana Common	M	607	$164.645	Acquired	15553	Direct
2018-08-06	Humana Common	F	310	$322.725	Disposed	15243	Direct
2018-08-06	Humana Common	M	14306	$164.645	Acquired	29549	Direct
2018-08-06	Humana Common	S	14306	$324.2526	Disposed	15243	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-06	Options	$81.795	M	1291	Disposed	2020-06-17	Humana Common (1291)	Direct
2018-08-06	Options	$164.645	M	14913	Disposed	2022-02-24	Humana Common (14913)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$167.805	2023-02-18	Humana Common (14764)	14764	Direct
Options	$217.415	2024-03-08	Humana Common (15997)	15997	Direct
Options	$268.47	2025-02-19	Humana Common (4415)	4415	Direct
Restricted Stock Units	$		Humana Common (1093)	1093	Direct
Restricted Stock Units	$		Humana Common (2836)	2836	Direct
Restricted Stock Units	$		Humana Common (1024)	1024	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 02/24/15, vesting in three increments from 02/24/16 to 02/24/18.

F3: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/18/16, vesting in three increments from 02/18/17 to 02/18/19.

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 02/19/18, vesting in three increments from 02/19/19 to 02/19/21.

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 on 12/15/17, 12/15/18, and 12/15/19. 1,149 shares fully vest three years from the date of grant.

F9: Restricted stock units granted to reporting person on 02/19/18, 33% of the award is vesting on 12/15/18, 12/15/19, and 12/15/20.

F10: Shares swapped for payment of purchase price on stock option exercise using fair market value on August 3, 2018 pursuant to Humana Inc.'s 2011 Stock Incentive Plan.

F11: Shares sold at prices ranging from $323.49 to $325.08. Price reported is weighted average sales price.