ROLLINS INC — Director's Dealing 2006

Dec 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROLLINS INC (ROL)
CIK: 0000084839
Period of Report: 2006-12-19

Reporting Person: ROLLINS R RANDALL (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-19	Common Stock	M	58500	$9.3622	Acquired	138932	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-19	Stock Option	$9.3622	M	58500	Disposed	2007-01-22	Common Stock (58500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	141529	Indirect
Common Stock	33027	Indirect
Common Stock	53324	Indirect
Common Stock	1338750	Indirect
Common Stock	31846915	Indirect

Footnotes

F1: All common stock and stock option numbers and prices have been adjusted to reflect the 3-for-2 stock split which occurred on February 10, 2003, payable on March 10, 2003, and the 3-for-2 stock split which occurred on February 10, 2005, payable on March 10, 2005.

F2: R. Randall Rollins disclaims for the purpose of Section 16 of the Securities and Exchange Act of 1934 the beneficial ownership of the shares described in Table 1, lines 2-6, except to the extent of any pecuniary interest therein, and this report is not an admission of such beneficial ownership.

F3: Stock option vests in 20% increments beginning on date of grant.