SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HUTCHISON LARRY M

(Last)

(First)

(Middle)

UNITED AMERICAN INSURANCE COMPANY

3700 SOUTH STONEBRIDGE DRIVE

(Street)

MCKINNEY

75070

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TORCHMARK CORP [ TMK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/05/2005		M		15,471	A	$34.5	45,806	D
Common Stock	05/05/2005		M		60,000	A	$27.8125	106,806	D
Common Stock	05/05/2005		M		54,000	A	$37.375	160,806	D
Common Stock	05/05/2005		M		32,466	A	$41.26	193,272	D
Common Stock	05/05/2005		M		1,721	A	$33.4375	194,993	D
Common Stock	05/05/2005		M		12,500	A	$33.4375	207,493	D
Common Stock	05/05/2005		M		60,000	A	$38.2	267,493	D
Common Stock	05/05/2005		M		30,000	A	$37.44	297,493	D
Common Stock	05/05/2005		S		172,660	D	$54.77	124,833	D
Common Stock	05/05/2005		S		41,689	D	$54.77	83,144	D
Common Stock								10,987⁽¹⁾	I	Thrift Plan Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$54.77	05/04/2005		A		186,685		11/04/2005	05/04/2012	Common Stock	186,685	$0	186,685	D
Employee Stock Option (Right to Buy)	$34.5	05/05/2005		M			15,471	05/15/2000	11/17/2009	Common Stock	15,471	$0	0	D
Employee Stock Option (Right to Buy)	$27.8125	05/05/2005		M			60,000	12/21/2002	12/23/2009	Common Stock	60,000	$0	0	D
Employee Stock Option (Right to Buy)	$37.375	05/05/2005		M			54,000	12/20/2003	12/22/2010	Common stock	54,000	$0	0	D
Employee Stock Option (Right to Buy)	$41.26	05/05/2005		M			32,466	02/09/2002	08/11/2011	Common Stock	32,466	$0	22,376	D
Employee Stock Option (Right to Buy)	$33.4375	05/05/2005		M			1,721	⁽²⁾	12/16/2009	Common Stock	1,721	$0	1,722	D
Employee Stock Option (Right to Buy)	$33.4375	05/05/2005		M			12,500	12/16/2001	12/18/2008	Common Stock	12,500	$0	0	D
Employee Stock Option (Right to Buy)	$38.2	05/05/2005		M			60,000	12/13/2004	12/15/2011	Common Stock	60,000	$0	0	D
Employee Stock Option (Right to Buy)	$37.44	05/05/2005		M			30,000	12/16/2004	12/18/2012	Common stock	30,000	$0	30,000	D

Explanation of Responses:

1. Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $54.77 per share.

2. Vests as to 1/10 of option shares per year on anniversary of grant date, commencing 12/16/1999.

Remarks:

	Larry M. Hutchison, By:/s/Carol A. McCoy, Attorney-in-fact	05/06/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.