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
Rotherham, Gregory K.
500 West Main Street
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
January 1997
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-Marketing
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) | | | | | | |11,000 |D | |
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Common (1) |01/31/|I |V|1000 |A |(2) |1,167.0 |I |HRSP (2) |
|97 | | | | | | | | |
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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 (3) |22.625 | | | | | |11/16|11/16|Common (1) |3,750 | |3,750 |D | |
| | | | | | |/97 |/05 | | | | | | |
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Option (3) |22.625 | | | | | |11/16|11/16|Common (1) |3,750 | |3,750 |D | |
| | | | | | |/98 |/05 | | | | | | |
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Option (3) |22.625 | | | | | |11/16|11/16|Common (1) |3,750 | |3,750 |D | |
| | | | | | |/99 |/05 | | | | | | |
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Option (3) |22.625 | | | | | |1/16/|11/16|Common (1) |3,750 | |3,750 |D | |
| | | | | | |00 |/05 | | | | | | |
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Option (4) |19.1875 | | | | | |8/12/|8/12/|Common (1) |20,000 | |20,000 |D | |
| | | | | | |97 |06 | | | | | | |
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Option (4) |19.1875 | | | | | |8/12/|8/12/|Common (1) |20,000 | |20,000 |D | |
| | | | | | |98 |06 | | | | | | |
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Option (4) |19.1875 | | | | | |8/12/|8/12/|Common (1) |20,000 | |20,000 |D | |
| | | | | | |99 |06 | | | | | | |
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Option (4) |18.8125 |1/9/9|A |V| | |1/9/9|1/9/0|Common (1) |16,667 | |16,667 |D | |
| |7 | | | | |8 |7 | | | | | | |
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Option (4) |18.8125 |1/9/9|A |V| | |1/9/9|1/9/0|Common (1) |16,667 | |16,667 |D | |
| |7 | | | | |9 |7 | | | | | | |
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Option (4) |18.8125 |1/9/9|A |V| | |1/9/0|1/9/0|Common (1) |16,666 | |16,666 |D | |
| |7 | | | | |0 |7 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Each share of Com;mon Stock contains a Right adopted on March 5, 1987,
as amended and restated on February 14, 1996, pursuant to the Company 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) Tranfer of funds representing approximately 1,000 shares into the Humana
Retirement & Savings Plan ("HRSP") exempt under Rule 16b-3(f) - amount is
approximate as of January 31, 1997 - exact number of shares & price not
yet available.
(3) Right to buy pursuant to the Company's 1989 Stock Option Plan for
Employees.
(4) Right to buy pursuant to the Company's 1996 Stock Incentive Plan.
