UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Shields, R. Eugene
Emphesys, Inc.
29th Floor, National City Tower
101 S. 5th Street
Louisville, KY 40202
2. Date of Event Requiring Statement (Month/Day/Year)
July 13, 2000
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Humana Inc.
HUM
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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Common (1) |6,200 |D | |
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Common (1) |6,474.7 |I |HRSP (3) |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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Option (2) |9/17/99 |1/15/08 |Common (1) |5,800 |15.5938 |D | |
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Option (2) |1/15/00 |1/15/08 |Common (1) |5,800 |15.5938 |D | |
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Option (2) |1/15/01 |1/15/08 |Common (1) |5,800 |15.5938 |D | |
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Option (2) |9/17/99 |9/17/08 |Common (1) |30,450 |15.5938 |D | |
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Option (2) |9/17/99 |1/9/07 |Common (1) |15,360 |15.5938 |D | |
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Option (2) |1/9/00 |1/9/07 |Common (1) |7,565 |15.5938 |D | |
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Option (2) |9/17/99 |1/12/05 |Common (1) |3,440 |15.5938 |D | |
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Option (2) |1/15/00 |1/15/09 |Common (1) |6,667 |19.25 |D | |
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Option (2) |1/15/01 |1/15/09 |Common (1) |6,667 |19.25 |D | |
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Option (2) |1/15/02 |1/15/09 |Common (1) |6,666 |19.25 |D | |
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Option (2) |9/9/00 |9/9/09 |Common (1) |6,667 |9.5938 |D | |
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Option (2) |9/9/01 |9/9/09 |Common (1) |6,667 |9.5938 |D | |
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Option (2) |9/9/02 |9/9/09 |Common (1) |6,666 |9.5938 |D | |
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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, and amended as of May 27, 1998 and March 1, 1999, pursuant ot 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 the Company's 1996 Stock Incentive Plan for
Employees.
(3) Shares held for my benefit as of June 30, 2000 under the Humana Retirement
& Savings Plan ("HRSP") exempt
under Rule 16b-3(c) and a routine disposition of shares to fund an
administrative fee assessment under a
Tax-Conditioned Plan, exempt under Rule
16b-3(c).
