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
Shaul, L. Bryan
Humana Inc.
500 West Main Street
Louisville, KY 40202
2. Date of Event Requiring Statement (Month/Day/Year)
March 9, 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)
Vice President-Finance & Controller
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
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
Common (1) |1,650 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
Options(2) |3/11/01 |3/11/09 |Common (1) |5,000 |$19.9688 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options(2) |3/11/02 |3/11/09 |Common (1) |5,000 |$19.9688 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options(2) |3/11/03 |3/11/09 |Common (1) |5,000 |$19.9688 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options(2) |3/11/04 |3/11/09 |Common (1) |5,000 |$19.9688 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options(3) |9/9/00 |9/9/09 |Common (1) |3,334 |$9.5938 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options(3) |9/9/01 |9/9/09 |Common (1) |3,333 |$9.5938 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options(3) |9/9/02 |9/9/09 |Common (1) |3,333 |$9.5938 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
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) Right to buy pursuant to the Company's 1999 Non-Qualified Stock Plan for
Employees.
