UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 144
 
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
 
ATTENTION:      Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or
executing a sale directly with a market maker.
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SEC USE ONLY
DOCUMENT SEQUENCE NO.
CUSIP NUMBER
WORK LOCATION
1  (a)  NAME OF ISSUER (Please type or print)
         Humana Inc.
(b)  IRS IDENT. NO.
      61-0647538
(c)  S.E.C. FILE NO.
      1-5975
1  (d)  ADDRESS OF ISSUER                                               STREET                                            CITY                                         STATE                ZIP CODE
 
                                                              500 West Main Street                     Louisville                                KY                  40202
(e)  TELEPHONE
AREA CODE
502
NUMBER
580-1000
2  (a)  NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
Heidi S. Margulis
 
(b)  RELATIONSHIP TO
      ISSUER
Chief Corporate Affairs Officer
(c)  ADDRESS STREET               CITY         STATE      ZIP CODE
 
 500 W. Main Street         Louisville    KY         40202
INSTRUCTION:   The person filing this notice should contact the issuer to obtain the I.R.S. identification Number and the S.E.C. File Number
(a)
Title of the Class of Securities
To Be Sold
(b)
 
Name and Address of Each Broker Through Whom the Securities Are To Be Offered or Each Market Maker who is Acquiring the Securities
SEC USE ONLY
(c)
Number of Shares
or Other Units
To Be Sold
(See Instr. 3 (c))
(d)
Aggregate
Market
Value
(See Instr. 3(d)
(e)
Number of Shares
or Other Units
Outstanding
(See Instr. 3(e))
(f)
Approximate Date of Sale
(See Instr. 3(f))
(MO.  DAY  YR.)
(g)
Name of Each
Securities
Exchange
(See instr. 3 g))
 
Broker-Dealer
File Number
Common
Goldman Sachs
2839 Paces Ferry Road SE Suite 650 Atlanta, GA  30339
 
Charles Schwab & Co., Inc.
9899 Schwab Way
Lone Tree, CO 80124
 
 
5,867
$1,744,200.43
based on FMV on
2/11/2019
of $297.29
135,566,672 as of 12/31/2018
2/13/2019
NYSE
 
INSTRUCTIONS:
1. (a)  Name of Issuer
    (b)  Issuer's I.R.S. Identification Number
    (c)  Issuer's S.E.C. file number, if any
    (d)  Issuer's address, including zip code
    (e)  Issuer's telephone number, including area code
3. (a)  Title of the class of securities to be sold
     (b)  Name and Address of each broker through whom the securities are intended to be sold
     (c)  Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
     (d)  Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
 (e)  Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown
        by the most recent report or statement published by the issuer
 (f)  Approximate date on which the securities are to be sold
 (g)  Name of each securities exchange, if any, on which the securities are intended to be sold
 
 
 
 
 
2. (a)  Name of person for whose account the securities are to be sold
     (b)  Such person's relationship to the issuer (e.g., officer, director, 10%
            stockholder, or member of immediate family of any of the foregoing)
    (c)   Such person's address, including zip code
   
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.                       
 
SEC 1147 (08-07)
 



TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor.
 
Title of
the Class
Date you
Acquired
Nature of Acquisition Transaction
Name of the Person from Whom Acquired
(if gift, also give date donor acquired
Amount of
Securities Acquired
Date of
Payment
Nature of Payment
 
Common
Common
 
2/17/2017
2/18/2019
 
Restricted Stock Units
                           Stock Option Exercise
 
Issuer
Issuer
 
1,540
4,327
 
N/A
2/18/19
 
N/A
Cash
 
 
INSTRUCTIONS:
If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given.  If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.
         
_____________________________________________________________________________________________________________________________________________________________________________

TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller

Title of Securities Sold

Date of Sale
Amount of
Securities Sold

Gross Proceeds
Heidi Margulis
500 W Main Street
Louisville, KY 40202
Humana Common
12/18/2018
2,656
$786,611.98
REMARKS:

INSTRUCTIONS:
ATTENTION:
See the definition of "person" in paragraph (a) of Rule 144.  Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition.  In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the issuer of the securities to be sold which has not been publicly disclosed. If each person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
 

     2/13/2019                                                      
DATE OF NOTICE
/s/ Heidi S. Margulis
(SIGNATURE)
                                                                       
DATE OF PLAN OR GIVING OF INSTRUCTION,
IF RELYING ON RULE 10B5-1
 

This notice shall be signed by the person for whose account the securities are to be sold.  At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.

    ATTENTION:    Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)
SEC 1147 (02-08)