U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check 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
McCallister, Michael B.
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
July 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Division I President
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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 Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common (1) | | | | | | |0 |D | |
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Common (1) | | | | | | |17,120.4 |I |Ret&SavPlan |
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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 | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common(2) |5.7980 | | | | | |09/01|09/01|Common |999 | |999 |D | |
| | | | | | |/91 |/98 | | | | | | |
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Common(3) |6.8694 | | | | | |03/02|03/02|Common |5,000 | |5,000 |D | |
| | | | | | |/92 |/99 | | | | | | |
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Common(3) |11.0131 | | | | | |09/13|09/13|Common |2,000 | |2,000 |D | |
| | | | | | |/91 |/00 | | | | | | |
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Common(3) |11.0131 | | | | | |09/13|09/13|Common |2,000 | |2,000 |D | |
| | | | | | |/92 |/00 | | | | | | |
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Common(3) |11.0131 | | | | | |09/13|09/13|Common |2,000 | |2,000 |D | |
| | | | | | |/93 |/00 | | | | | | |
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Common(3) |8.9098 | | | | | |11/18|11/18|Common |1,000 | |1,000 |D | |
| | | | | | |/92 |/01 | | | | | | |
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Common(3) |8.9098 | | | | | |11/18|11/18|Common |1,000 | |1,000 |D | |
| | | | | | |/93 |/01 | | | | | | |
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Common(3) |8.9098 | | | | | |11/18|11/18|Common |1,000 | |1,000 |D | |
| | | | | | |/94 |/01 | | | | | | |
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Common(3) |6.5625 | | | | | |04/14|04/14|Common |31,250 | |31,250 |D | |
| | | | | | |/95 |/03 | | | | | | |
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Common(3) |6.5625 | | | | | |04/14|04/14|Common |31,250 | |31,250 |D | |
| | | | | | |/96 |/03 | | | | | | |
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Common(3) |6.5625 | | | | | |04/14|04/14|Common |31,250 | |31,250 |D | |
| | | | | | |/97 |/03 | | | | | | |
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Common(3) |6.5625 | | | | | |04/14|04/14|Common |31,250 | |31,250 |D | |
| | | | | | |/98 |/03 | | | | | | |
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Common(3) |23.0625 | | | | | |01/12|01/12|Common |14,167 | |14,167 |D | |
| | | | | | |/96 |/05 | | | | | | |
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Common(3) |23.0625 | | | | | |01/12|01/12|Common |14,167 | |14,167 |D | |
| | | | | | |/97 |/05 | | | | | | |
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Common(3) |23.0625 | | | | | |01/12|01/12|Common |14,166 | |14,166 |D | |
| | | | | | |/98 |/05 | | | | | | |
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Common(5) |15.625 |07/11|J(5)| |45,000 |A |07/11|07/11|Common |45,000 | |45,000 |D | |
| |/96 | | | | |/97 |/06 | | | | | | |
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Common(5) |15.625 |07/11|J(5)| |45,000 |A |07/11|07/11|Common |45,000 | |45,000 |D | |
| |/96 | | | | |/98 |/06 | | | | | | |
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Common(5) |15.625 |07/11|J(5)| |45,000 |A |07/11|07/11|Common |45,000 | |45,000 |D | |
| |/96 | | | | |/99 |/06 | | | | | | |
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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 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 1981 Non-Qualified Stock Option
Plan; the Plan contains the right to
satisfy the tax withholding obligations with Company stock and also contains
Limited Rights provisions in the
event of a Change in Control of the
Company
(3) Right to buy pursuant to the Company's 1989 Stock Option Plan for
Employees; the Plan contains the right to
satisfy the tax withholding obligations with Company stock and also contains
LImited Rights provisions in the
event of a Change in Control of the
Company.
(4) Shares held for my benefit in the Humana Retirement and Savings Plan based
on Plan information as of June
30,1996 exempt under old Rule
16a-8(b).
(5) Grant of option pursuant to the Company's 1996 Stock Incentive Plan for
Employees; the Plan contains the
right to satisfy the tax withholding obligations with Company stock and also
contains Limtied Rights provisions in
the event of a Change in Control of the
Company.
