UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Loudermilk, Joey M
5905 Roaring Branch Rd.
Columbus, GA 31904
2. Issuer Name and Ticker or Trading Symbol
AFLAC INCORPORATED (AFL)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
01/01
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Exec. Vice President &
Corporate Secretary
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
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Common Stock 01/02/01 M 5,184 A $2.4500 D Direct
Common Stock 01/02/01 F 2,024 D $70.8125 D Direct
Common Stock 01/05/01 S 8,000 D $64.0000 D Direct
Common Stock 01/11/01 M 18,752 A $8.0667 D Direct
Common Stock 01/11/01 M 48,750 A $4.0334 D Direct
Common Stock 01/11/01 F 23,501 D $65.6875 137,001 D Direct
Common Stock 6,129 I Custodian/Childre
n
Common Stock 3,900 I Spouse
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
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Employee Stock Option (right to$2.4500 01/02/01 M 5,184 01/03/91 01/03/01
buy)
Employee Stock Option (right to$4.0334 01/11/01 M 48,750 01/27/92 01/27/02
buy)
Employee Stock Option (right to$8.0667 01/11/01 M 18,752 01/27/92 01/27/02
buy)
Employee Stock Option (right to$58.6875 01/22/01 A 30,000 01/22/04 01/22/11
buy) (1)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
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Employee Stock Option (right to01/02/01 Common Stock 5,184 0 D Direct
buy)
Employee Stock Option (right to01/11/01 Common Stock 48,750 0 D Direct
buy)
Employee Stock Option (right to01/11/01 Common Stock 18,752 0 D Direct
buy)
Employee Stock Option (right to01/22/01 Common Stock 30,000 $58.6875 30,000 D Direct
buy) (1)
Explanation of Responses:
(1)
Granted under the AFLAC Incorporated 1997 Stock Option Plan, which is a rule 16b-3 Plan with tandem tax withholding rights.
SIGNATURE OF REPORTING PERSON
/S/ By: Patricia A. Bell
For: Joey M. Loudermilk
DATE