HUMANA INC — Director's Dealing 2019

Dec 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HUMANA INC (HUM)
CIK: 0000049071
Period of Report: 2019-12-12

Reporting Person: BROUSSARD BRUCE D (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-12	Humana Common	M	70352	$217.415	Acquired	138428	Direct
2019-12-12	Humana Common	F	44371	$344.725	Disposed	94057	Direct
2019-12-12	Humana Common	F	11778	$346.165	Disposed	82279	Direct
2019-12-15	Humana Common	M	8126	—	Acquired	90405	Direct
2019-12-15	Humana Common	F	3658	$350.41	Disposed	86747	Direct
2019-12-15	Humana Common	M	3414	—	Acquired	90161	Direct
2019-12-15	Humana Common	F	1537	$350.41	Disposed	88624	Direct
2019-12-15	Humana Common	M	3044	—	Acquired	91668	Direct
2019-12-15	Humana Common	F	1371	$350.41	Disposed	90297	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-12	Options	$217.415	M	70352	Disposed	2024-03-08	Humana Common (70352)	Direct
2019-12-15	Restricted Stock Units	$	M	8126	Disposed		Humana Common (8126)	Direct
2019-12-15	Restricted Stock Units	$	M	3414	Disposed		Humana Common (3414)	Direct
2019-12-15	Restricted Stock Units	$	M	3044	Disposed		Humana Common (3044)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$268.47	2025-02-19	Humana Common (44152)	44152	Direct
Options	$307.965	2026-02-25	Humana Common (40409)	40409	Direct

Footnotes

F1: 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, vesting in three annual increments.

F2: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/19/2018, vesting in three annual increments.

F3: Right to buy pursuant to Company's 2011 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/25/2019, vesting in three annual increments.

F4: 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).

F5: Restricted stock units granted to reporting person on 03/08/2017, 33% of the award is vesting on 12/15/17, 12/15/18, and 12/15/19.

F6: Restricted stock units granted to reporting person on 02/19/2018, 33% of the award is vesting on 12/15/18, 12/15/19, and 12/15/20.

F7: Restricted stock units granted to reporting person on 02/25/2019, 33% of the award is vesting on 12/15/19, 12/15/20, and 12/15/21.

F8: Shares swapped for payment of purchase price on stock option exercise using fair market value on December 11, 2019 pursuant to Humana Inc's 2011 Stock Incentive Plan

F9: Shares swapped for payment of taxes on stock option exercise using fair market value on December 12, 2019 pursuant to Humana Inc's 2011 Stock Incentive Plan