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 Subsection Title [H2]

AFLAC INCORPORATED

2017 PROXY STATEMENT

51

2016 Summary Compensation Tables

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 2016 Outstanding Equity Awards At Fiscal Year-End

Name

Option Grant

Date

Exercisable

(#)

Unexercisable

(#)

Option

Exercise

Price

($)

Option

Expiration

Date

Stock

Award Grant

Date

Number of

Unearned Shares,

Units or Other

Rights That Have

Not Vested

(1)

(#)

Market or

Payout Value

of Unearned

Shares, Units

or Other Rights

That Have

Not Vested

(2)

($)

Paul S. Amos II

2/12/08

38,000

61.810

2/12/18

2/10/09

41,482

22.130

2/10/19

2/09/10

33,000

47.060

2/09/20

2/08/11

28,050

57.900

2/08/21

2/14/12

21,100

48.560

2/14/22

2/12/13

21,100

49.500

2/12/23

9/30/13

4,661

61.990

9/30/23

2/11/14

19,582

62.410

2/11/24

2/11/14

28,571 1,988,542

2/10/15

26,306

61.450

2/10/25

2/10/15

18,694 1,301,102

2/09/16

22,534

57.930

2/09/26

2/09/16

19,809 1,378,706

Eric M. Kirsch

2/11/14

17,152

62.410

2/11/24

2/11/14

20,189 1,405,154

2/10/15

24,487

61.450

2/10/25

2/10/15

16,375 1,139,700

2/09/16

19,115

57.930

2/09/26

2/09/16

16,803 1,169,489

Number of Securities

Underlying

Unexercised Options

Equity Incentive Plan Awards:

Stock Awards

Option Awards

(1) Includes dividend shares accumulated as of December 31, 2016, for PBRS awards granted as follows: awards granted on February 11, 2014,

February 10, 2015, December 31, 2015, and February 9, 2016, respectively, of 2,639, 3,144, 415 and 1,965 shares for Daniel P. Amos; awards

granted on July 1, 2015, February 9, 2016, and August 9, 2016, respectively, of 516, 475, and 48 shares for Mr. Crawford; awards granted on

February 11, 2014, February 10, 2015, and February 9, 2016, respectively, of 3,259, 2,505, and 1,229 shares for Mr. Cloninger; 2,040, 907, and

475 for Paul S. Amos II; and 1,442, 795, and 403 shares for Mr. Kirsch.

(2) Based on the per share closing price of our Common Stock of $69.60 as of December 30, 2016.

Grant Date

Options Vesting Schedule

02/11/14

100% vesting on the third anniversary of the option for Messrs. Paul S. Amos II and Kirsch

02/10/15

100% vesting on the third anniversary of the option for Messrs. Paul S. Amos II and Kirsch

07/01/15

100% vesting on the third anniversary of the option for Mr. Crawford

02/09/16

100% vesting on the third anniversary of the option for Messrs. Crawford, Paul S. Amos II and Kirsch