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
Zacharias, Tod J.
Employers Health Insurance Company
1100 Employers Boulevard
Green Bay, WI 54344
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 30, 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
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) |8/14/9|P | |1,000 |A |$23.125 | | | |
|7 | | | | | | | | |
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Common (1) |9/26/9|P | |1,000 |A |$23.187 | | | |
|7 | | | | | | | | |
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Common (1) |10/31/|P | |1,000 |A |$21.125 |4,000 |D | |
|97 | | | | | | | | |
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Common (1) |9/30/9|I |V|5,127.87 |A |(5) |8,260.48 |I |HRSP(2) |
|7 | | | | | | | | |
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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 (4) |22.625 | | | | | |11/16|11/16|Common (1) |6,250 | |6,250 |D | |
| | | | | | |/97 |/05 | | | | | | |
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Option (3) |22.625 | | | | | |11/16|11/16|Common (1) |6,250 | |6,250 |D | |
| | | | | | |/98 |/05 | | | | | | |
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Option (3) |22.625 | | | | | |11/16|11/16|Common (1) |6,250 | |6,250 |D | |
| | | | | | |/99 |/05 | | | | | | |
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Option (3) |22.625 | | | | | |11/16|11/16|Common (1) |6,250 | |6,250 |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|1/9/0|Common (1) |13,334 | |13,334 |D | |
| | | | | | |8 |7 | | | | | | |
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Option (4) |18.8125 | | | | | |1/9/9|1/9/0|Common (1) |13,333 | |13,333 |D | |
| | | | | | |9 |7 | | | | | | |
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Option (4) |18.8125 | | | | | |1/9/0|1/9/0|Common (1) |13,333 | |13,333 |D | |
| | | | | | |0 |7 | | | | | | |
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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 Rights Agreement, which entitles
holders of the Company's Common
Stock, in the event certain specified events occur, to acquire 1/100 of a
share of Series A Participating Preferred
Stock at a price of $145 per fractional
share.
(2) Shares held for my benefit as of October 31, 1997, under the Humana
Retirement and Savings Plan ("HRSP")
exempt under Rule
16b-3(c).
(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.
(5) Transfer of funds into Company Stock Fund of the Humana Retirement and
Savings Plan based on Plan
information as of October 31, 1997, exempt under Rule 16b-3(f) at prices
ranging from $21.82 to $24.699.
