ROLLINS INC — Director's Dealing 2007

Jan 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROLLINS INC (ROL)
CIK: 0000084839
Period of Report: 2006-12-28

Reporting Person: ROLLINS GARY W (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-28	Common Stock	G	16399	—	Disposed	1023955	Direct
2006-12-28	Common Stock	G	1058	—	Acquired	163049	Indirect
2007-01-16	Common Stock	M	58500	$9.3622	Acquired	1082455	Direct
2007-01-16	Common Stock	F	25355	$20.70	Disposed	1057100	Direct
2007-01-16	Common Stock	M	391500	$8.5111	Acquired	1448600	Direct
2007-01-16	Common Stock	F	237295	$14.85	Disposed	1211305	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-16	Stock Option	$9.3622	M	58500	Disposed	2007-01-22	Common Stock (58500)	Direct
2007-01-16	Stock Option	$8.5111	M	391500	Disposed	2007-01-22	Common Stock (391500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1392074	Indirect
Common Stock	31846915	Indirect

Footnotes

F1: Includes 37,430 401(k) shares, 548 Purchase Plan shares, and 62,500 shares of restricted stock.

F2: Gary W. Rollins disclaims for the purpose of Section 16 of the Securities and Exchange Act of 1934 the beneficial ownership of these shares, except to the extent of any pecuniary interest therein, and this report is not an admission of such beneficial ownership.

F3: Option vests in 20% annual increments beginning on grant date (January 22, 2002).