X0202 4 2006-03-20 0000049071 HUMANA INC HUM 0001018656 HIPWELL ARTHUR P HUMANA INC. 500 WEST MAIN STREET LOUISVILLE KY 40202 0 1 0 0 Senior VP & General Counsel Humana Common 94923 D Humana Common 1350 I See Footnote Humana Common 2006-03-20 4 J 0 254 51.96 A 19589 I See Footnote Options 15.5938 Humana Common 58464 58464 D Options 15.5938 2008-01-15 Humana Common 4316 4316 D Options 9.5938 2009-09-09 Humana Common 31269 31269 D Options 32.70 2012-02-24 Humana Common 75000 75000 D Options 12.995 2012-03-13 Humana Common 45000 45000 D Options 9.26 2013-03-13 Humana Common 33333 33333 D Options 21.275 2014-02-24 Humana Common 60000 60000 D Options 53.96 2013-02-23 Humana Common 47655 47655 D Phantom Stock Units 2006-03-20 4 A 0 1180 51.96 A Humana Common 12167 12167 I See Footnote Shares held on behalf of minor children. Shares held for the benefit of reporting person as of February 28, 2006 under the Humana Retirement & Savings Plan including a routine disposition of shares to fund an administrative fee assessment under a Tax-Conditioned Plan. The number of units being reported represent annual funding for the 2005 Plan year made on March 20, 2006. All transactions are exempt under Rule 16b-3(c). Right to buy pursuant to the Company's 1996 Stock Incentive Plan for Employees. Non-Qualified stock options granted to reporting person on 9/17/98, fully vested on 9/1/99 with 68,800 options expiring on 1/12/05, 36,680 options expiring on 1/9/2007 and 21,784 options expiring on 1/15/2008. Incentive stock options granted to reporting person on 9/17/98 and fully vested on 9/1/99. Incentive and Non-Qualified stock options granted to reporting person on 9/9/99 and fully vested on 9/9/02. Incentive and Non-Qualified stock options granted to reporting person on 3/13/02, vesting in three increments each from 3/13/03 to 3/13/05. Incentive and Non-Qualified stock options granted to reporting person on 3/13/03, NQ options vesting in three increments from 3/13/04 to 3/13/06, and ISO's vesting on 3/13/06. Right to buy pursuant to the Company's 2003 Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 2/24/04, NQ options vesting in three increments from 2/24/05 to 2/24/07, and ISO's vesting on 2/24/07. Incentive and Non-Qualified stock options granted to reporting person on 2/24/05, NQ options vesting in three increments from 2/24/06 to 2/24/08, and ISO's vesting on 2/24/08. Incentive and Non-Qualified stock options granted to reporting person on 2/23/06, NQ options vesting in three increments from 2/23/07 to 2/23/09, and ISO's vesting on 2/23/09. Phantom Stock Units held for the benefit of reporting person as of February 28, 2006 based on the value of Humana common stock on a 1-for-1 basis, under the Humana Excess Plan. The number of units being reported represent annual funding for the 2005 Plan year made on March 20, 2006. All transactions are exempt under Rule 16b-3(c and d). Arthur P. Hipwell 2006-03-22