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. See Instructions 1(b).
1. Name and Address of Reporting Person
Murray, James E.
500 W. Main St.
Louisville, KY 40202
USA
2. Issuer Name and Ticker or Trading Symbol
Humana Inc.
HUM
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
November, 1996
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)
Vice President - Finance
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common(1) |11/27/|P | |375 |A |19.00 |1,375 |D | |
|96 | | | | | | | | |
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Common(1) |09/16/|I |V|2,416.98 |A |(4) |7,639.6 |I |HRSP(4) |
|96 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Option (2) |8.6498 | | | | | |10/16|10/16|Common(1) |251 | |251 |D | |
| | | | | | |/90 |/99 | | | | | | |
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Option (2) |8.6498 | | | | | |10/16|10/16|Common(1) |2,500 | |2,500 |D | |
| | | | | | |/91 |/99 | | | | | | |
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Option (2) |8.6498 | | | | | |10/16|10/16|Common(1) |2,499 | |2,500 |D | |
| | | | | | |/92 |/99 | | | | | | |
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Option(3) |11.0131 | | | | | |09/13|09/13|Common(1) |2,500 | |2,500 |D | |
| | | | | | |/91 |/00 | | | | | | |
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Option(3) |11.0131 | | | | | |09/13|09/13|Common(1) |2,500 | |2,500 |D | |
| | | | | | |/92 |/00 | | | | | | |
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Option(3) |11.0131 | | | | | |09/13|09/13|Common(1) |2,500 | |2,500 |D | |
| | | | | | |/93 |/00 | | | | | | |
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Option(3) |8.9098 | | | | | |11/18|11/18|Common(1) |1,667 | |1,667 |D | |
| | | | | | |/92 |/01 | | | | | | |
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Option(3) |8.9098 | | | | | |11/18|11/18|Common(1) |1,667 | |1,667 |D | |
| | | | | | |/93 |/01 | | | | | | |
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Option(3) |8.9098 | | | | | |11/18|11/18|Common(1) |1,666 | |1,666 |D | |
| | | | | | |/94 |/01 | | | | | | |
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Option(3) |6.5625 | | | | | |04/14|04/14|Common(1) |31,250 | |31,250 |D | |
| | | | | | |/95 |/03 | | | | | | |
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Option(3) |6.5625 | | | | | |04/14|04/14|Common(1) |31,250 | |31,250 |D | |
| | | | | | |/96 |/03 | | | | | | |
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Option(3) |6.5625 | | | | | |04/14|04/14|Common(1) |31,250 | |31,250 |D | |
| | | | | | |/97 |/03 | | | | | | |
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Option(3) |6.5625 | | | | | |04/14|04/14|Common(1) |31,250 | |31,250 |D | |
| | | | | | |/98 |/03 | | | | | | |
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Option(3) |23.0625 | | | | | |01/12|01/12|Common(1) |16,667 | |16,667 |D | |
| | | | | | |/96 |/05 | | | | | | |
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Option(3) |23.0625 | | | | | |01/12|01/12|Common(1) |16,667 | |16,667 |D | |
| | | | | | |/97 |/05 | | | | | | |
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Option(3) |23.0625 | | | | | |01/12|01/12|Common(1) |16,666 | |16,666 |D | |
| | | | | | |/98 |/05 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Each share of Common Stock contains a Right adopted on March 5, 1987, as
amended and restated on
February 14, 1996, pursuant to the Company's Rights Agreement which entitles
holders of the Company's
Common Stock in the event certain specified events occur to acquire 1/100th of
a share of Series A Participating
Preferred Stock at a price of $145 per fractional
share.
(2) Right to buy pursuant to Company's 1981 Non-Qualified Stock Option
Plan.
(3) Right to buy pursuant to the Company's 1989 Stock Option Plan for
Employees.
(4) Transfer of funds (corrected amount) into Company Stock Fund of the Humana
Retirement and Savings Plan
based on Plan information as of October 31, 1996, exempt under Rule
16b-3(f).
