Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Kusserow Paul B. K.
  2. 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)
Sr VP & Ch Strat Dev Officer
(Last)
(First)
(Middle)
HUMANA INC., 500 WEST MAIN STREET
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2012
(Street)

LOUISVILLE, KY 40202
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Humana Common 02/27/2012   M   33,334 A $ 41.83 58,526 D  
Humana Common 02/27/2012   M   12,117 A $ 46.4 70,643 D  
Humana Common 02/27/2012   M   7,589 A $ 61.18 78,232 D  
Humana Common 02/27/2012   S   61,040 D $ 88.8593 (11) 17,192 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (1) $ 41.83 02/27/2012   M     33,334   (2) 02/19/2016 Humana Common 33,334 $ 41.83 0 D  
Options (1) $ 29.53               (3) 04/28/2016 Humana Common 16,667   16,667 D  
Options (1) $ 46.4 02/27/2012   M     12,117   (4) 02/18/2017 Humana Common 12,117 $ 46.4 12,118 D  
Options (1) $ 61.18 02/27/2012   M     7,589   (5) 02/17/2018 Humana Common 7,589 $ 61.18 15,178 D  
Options (1) $ 88.6475               (6) 02/23/2019 Humana Common 24,374   24,374 D  
Restricted Stock Units (7) (8)               (9)   (9) Humana Common 5,149   5,149 D  
Restricted Stock Units (7) (8)               (10)   (10) Humana Common 4,738   4,738 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Kusserow Paul B. K.
HUMANA INC.
500 WEST MAIN STREET
LOUISVILLE, KY 40202
      Sr VP & Ch Strat Dev Officer  

Signatures

 Paul B. K. Kusserow   02/28/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Right to buy pursuant to the Company's 2003 Stock Incentive Plan.
(2) Reporting person was granted the maximum number of Incentive stock options allowed and remaining options were granted as Non-Qualified stock options. The option grant vests in three increments from 2/19/10 to 2/19/12.
(3) Non-Qualified stock option grant vests in three increments from 4/28/10 to 4/28/12.
(4) Reporting person was granted the maximum number of Incentive stock options allowed and remaining options were granted as Non-Qualified stock options. The option grant vests in three increments from 2/18/11 to 2/18/13.
(5) Reporting person was granted the maximum number of Incentive stock options allowed and remaining options were granted as Non-Qualified stock options. The option grant vests in three increments from 2/17/12 to 2/17/14.
(6) Reporting person was granted the maximum number of Incentive stock options allowed and remaining options were granted as Non-Qualified stock options. The option grant vests in three increments from 2/23/13 to 2/23/15.
(7) Right to receive one share per restricted stock unit pursuant to the Company's 2003 Stock Incentive Plan.
(8) Each restricted stock unit represents a contingent right to receive one share of Humana Inc. common stock, exempt under Rule 16b-3(d)(1) & (3).
(9) Restricted stock units granted to reporting person on 2/17/11, 100% of the award is vesting on 2/17/14.
(10) Restricted stock units granted to reporting person on 2/23/12, 100% of the award is vesting on 2/23/15.
(11) This price represents the weighted average sales price for multiple transactions reported on this line. The prices of the transactions reported on this line ranged from $88.59 to $89.33. Upon request by the SEC staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.

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