HUMANA INC — Director's Dealing 2018

Jun 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2018-06-15

Reporting Person: BILNEY JODY L (Chief Consumer Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-15	Humana Common	M	607	$164.645	Acquired	11467	Direct
2018-06-15	Humana Common	F	327	$305.765	Disposed	11140	Direct
2018-06-15	Humana Common	M	7054	$102.155	Acquired	18194	Direct
2018-06-15	Humana Common	M	20407	$164.645	Acquired	38601	Direct
2018-06-15	Humana Common	S	27461	$306.4621	Disposed	11140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-15	Options	$102.155	M	7054	Disposed	2021-02-18	Humana Common (7054)	Direct
2018-06-15	Options	$164.645	M	21014	Disposed	2022-02-24	Humana Common (21014)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$167.805	2023-02-18	Humana Common (20804)	20804	Direct
Options	$217.415	2024-03-08	Humana Common (23247)	23247	Direct
Options	$268.47	2025-02-19	Humana Common (6221)	6221	Direct
Restricted Stock Units	$		Humana Common (1540)	1540	Direct
Restricted Stock Units	$		Humana Common (4159)	4159	Direct
Restricted Stock Units	$		Humana Common (1443)	1443	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 02/18/2014, vesting in three increments from 02/18/2015 to 02/18/2017.

F2: Right to buy pursuant to Humana Inc.'s 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/24/2015, vesting in three increments from 02/24/2016 to 02/24/2018.

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. 15,498 options vesting in three annual increments, and 7,749 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, 3,564 shares vesting in three annual increments on 12/15/17, 12/15/18, and 12/15/19. 1,782 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 June 14, 2018 pursuant to Humana Inc's 2011 Stock Incentive Plan.

F11: Shares sold at prices ranging from $306.27 to $306.81. Price reported is the weighted average sales price.